Sentences with phrase «jumbo borrowers who»

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Proprietary reverse mortgages, also known as jumbo reverse mortgages, are for borrowers who want a large loan and own a more expensive property.

Mortgage lenders commonly impose higher standards for borrowers who are seeking a jumbo loan, simply because there's more money involved.

First, let's talk about what a jumbo loan is, and why lenders have higher standards for the borrowers who use them.

VA borrowers who would like to purchase thru VA Jumbo loans in Texas may be able to do so for up to $ 2,000,000 @ 100 % financing available only up to the VA county loan limit.

Could a borrower who doesn't qualify under HARP because the original loan was a jumbo (not Fannie or Freddie, he's sure) refinance under FHA?

As a result, borrowers who use conforming loans (which meet the size restrictions used by Freddie Mac and Fannie Mae) often qualify for lower mortgage rates than those who use jumbo loans (which are too big to be sold to Fannie or Freddie).

In today's real estate market, lenders are hungry for borrowers who are looking to take on jumbo mortgages.

Borrowers who need to borrow more than the FHA loan limits for their housing market will need to apply for a jumbo loan.

If that happens to a jumbo loan borrower (who has at least $ 417,000 invested in the home, because that is where conforming loan limits end and jumbo loan limits start), then having a larger portion of the mortgage paid off can reduce his risk of getting himself into that negative equity situation.

Borrowers who take out a jumbo mortgage — one that exceeds the «conforming loan limits» set by Fannie Mae, Freddie Mac and the FHA — usually pay a higher mortgage rate than do borrowers who take out conformiBorrowers who take out a jumbo mortgage — one that exceeds the «conforming loan limits» set by Fannie Mae, Freddie Mac and the FHA — usually pay a higher mortgage rate than do borrowers who take out conformiborrowers who take out conforming loans.

Borrowers who need to finance more than the conforming loan limit need a jumbo loan, which has different guidelines.

A Jumbo VA loan is available only to VA - eligible borrowers who qualify with income and credit requirements as well as the VA county limit requirement.

Clearly borrowers who reside in the higher cost areas of the state will have more opportunities to secure jumbo home financing.

Qualified jumbo loan borrowers are applicants who can prove that they make roughly three times the principal, interest, taxes and insurance (PITI) payment on the loan, in addition to meeting our credit requirements.

Nick Timiraos reports: There's two big groups of people who may see little relief from the provision from President Obama's housing plan that would allow more borrowers to refinance: jumbo borrowers with loans that are too big for government financing and homeowners whose first mortgage exceeds 105 % of the value of their home.

First, let's talk about what a jumbo loan is, and why lenders have higher standards for the borrowers who use them.

Mortgage lenders commonly impose higher standards for borrowers who are seeking a jumbo loan, simply because there's more money involved.

These are for borrowers who do not meet traditional Fannie, Freddie, FHA or JUMBO Guidelines.

While the number is shrinking, strategic defaulters, or borrowers who stop paying on their mortgage even though they can afford it, tend to have jumbo mortgages and higher annual incomes, finds a new study.