Jumbo Loan Mortgage Leads

A jumbo mortgage is a home loan that exceeds the typical lending limits of the Federal Home Loan Mortgage Corporation (Freddie Mac), Federal Na-tional Mortgage Association (Fannie Mae), the Federal Housing Ad-ministration (FHA) or the Veterans Administration.

Read more: http://www.anytimeestimate.com/loan-programs/jumbo-loan.htm

The future is bright for jumbo mortgage bonds

Despite a drop in the number of prime jumbo residential mortgage-backed securitizations from 2013 to 2014, several trends are begin-ning to emerge that show the future of jumbo mortgage bonds is strong, DBRS said in a new report.

According to DBRS analysts Quincy Tang and Yuan Li, there have been 83 prime jumbo securitizations issued since 2010, totaling ap-proximately 39,258 loans and $30.9 billion. The number of issuers has also grown, increasing to a total of 13 as of March 2015.

Plenty of lenders offer jumbo mortgages now, although the requirements are stricter than they used to be.

Jumbo mortgages are home loans that are bigger than normal. They exceed the "conforming limit" -- the maximum loan amount that Fannie Mae and Freddie Mac will buy.

The conforming limit varies by location. In most housing markets, it's $417,000, and any mortgage more than that is a jumbo. In the most expensive housing markets, such as Los Angeles, any home loan of more than $729,750 is a jumbo. A few places are in between. For example, Seattle's conform-ing limit is $567,500; a short ferry ride away in Port Orchard, Wash., it's $475,000.

Read more: http://www.bankrate.com/finance/mortgages/do-you-qualify-for-a-jumbo-mortgage-1.aspx

Who qualifies for a jumbo mortgage?

Jumbo Loan Mortgage Leads Online

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