90% financing and low Jumbo Home Loan Rates on Jumbo Loans in Arapahoe County CO.

Are you looking for a Jumbo Mortgage lender in Arapahoe County CO?

It's a great time to take advantage of the jumbo mortgage program. We specialize in helping luxury home buyers who need jumbo financing for the higher jumbo loan amounts.http://bit.ly/1gl2QuT

What is a jumbo mortgage?

A jumbo mortgage loan in most counties is any loan that is greater than $417,000. There are some "high balance" counties in Colorado and they are listed at the bottom of this article or follow this link to the Fannie Mae County Loan Limits. These counties allow for "conforming" rates above $417,000 and up to the county limit.http://bit.ly/18Fm3DU

Are rates higher on jumbo home loans in Arapahoe County?

Not necessarily! Currently, we have jumbo rates available that are lower than traditional mortgages. This has not been the case until recently. Call us and we will provide a customized quote for your home loan as rates can vary according to your scenario and what the market is doing.

How do you qualify for a jumbo mortgage loan in Arapahoe County Colorado?

Jumbo home loans can be more difficult to obtain than conforming loans. You must first of all of good credit. Your credit score must be above 700, and for higher loan amounts, or higher loan-to-value ratios, your score must be above 740. You can obtain financing with as little as 10% down payment, but rates improve with more down payment, generally 20%, 25%, and 30% down will get you a better deal.

If you plan to obtain a 2nd mortgage, or HELOC, that loan will also count in the loan-to-value calculation. Debt-to-income are generally capped in the 41-43% maximum range. You must be able to prove your income through tax returns, or W2s, or both. Arapahoe County Jumbo financing is also not available on investment properties- primary residences and second homes only!

What kind of mortgages can you get with a Arapahoe County Jumbo home loan?

Fixed or adjustable rate loans are available. If you are putting less than 20% down, however, you will have to take an ARM, and they are available in 5 or 7 year terms (fixed for 5 or 7 years). Colorado High Balance County Limits 2014: Eagle County: $625,500 Garfield County: $625,500 Hinsdale County: $427,800 Lake County: $625,500 Ouray County: $425,500 Pitkin County: $625,500 Routt County: $625,500 Summit County: $625,500 We specialize in helping jumbo home buyers and can also help with jumbo home loan refinances.

Call us in the office....we will give you a customized Arapahoe County CO Jumbo Home Loan quote and honest answers to your questions! http://www.rjbaxter.com/