Preferred, Realtors Ltd
Thomas Dooley, Preferred, Realtors LtdPhone: (734) 658-2211
Email: [email protected]

Tag: Jumbo Loan

Posted on 05/09/2021
Who are the Best Candidates for a High-Priced Loan ?
Photo by Peggy und Marco Lachmann-Anke via Pixabay A jumbo mortgage refers to a high-priced loan, usually meant for a luxury property. And while this loan may have once been reserved for the millionaire investors of the world, it may not be as exclusive as you think. If you're interested in what it takes to apply, it helps...
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Posted on 06/21/2020
Conforming Loan Limit Increase and the Jumbo Market
Image by Arek Socha from Pixabay If you bought a house that was over $484,350 prior to 2020, you had to get a jumbo loan, which is a non-conforming loan. The Federal Housing Finance Agency (FHFA) increased the limit on conforming loans to $510,400 in most areas. The FHFA also increased the loan limit to $765,600 in some...
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