FHA Offers Jumbo Loans in Some Areas
Mortgage loans over $417,000 are in the jumbo loan category, which has different qualifying guidelines, and higher mortgage rates.
Did you know that FHA will also insure jumbo loans in some areas? Based on the county or zip code, some areas have maximum loan limits as high as $729,750.
Why is that important? Because unlike a jumbo loan, FHA rates do not increase on higher loan amounts. Also, the credit, income, and loan to value guidelines can be more flexible.
Read More About FHA and Jumbo Loans
Did you know that FHA will also insure jumbo loans in some areas? Based on the county or zip code, some areas have maximum loan limits as high as $729,750.
Why is that important? Because unlike a jumbo loan, FHA rates do not increase on higher loan amounts. Also, the credit, income, and loan to value guidelines can be more flexible.
Read More About FHA and Jumbo Loans
Labels: fha, jumbo loans, jumbo mortgage
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