Financing up to 90% of your home price with low Jumbo Mortgage Rates on Beaver Creek CO Jumbo Loans http://bit.ly/1gl2QuT

Are you looking for a Jumbo Mortgage lender in Beaver Creek CO?

It's a great time to take advantage of the jumbo mortgage program. We specialize in helping luxury home buyers who need higher balance jumbo mortgage financing.

What is a jumbo loan?

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.
http://bit.ly/18Fm3DU

These counties allow for "conforming" rates above $417,000 and up to the county limit. Are rates higher on jumbo home loans in Beaver Creek?

Not necessarily! Currently, we have jumbo rates Beaver Creek that are lower than traditional mortgages. Until recently, this has not been the case.

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 Beaver Creek Colorado?

Stricter guidelines can make Jumbo mortgages more difficult to qualify for than conforming loans. The first requirement is that you must have good credit. Most lenders have a minimum credit score of 700, and for higher loan amounts, or higher loan-to-value ratios, your score must be above 740.

Down payment requirements are as little as 10%, 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 must also be counted in the loan-to-value ratio. Your debt-to-income ratio must also be reasonable, generally capped at the 41-43% maximum range. Income is documented through tax returns, or W2s, or both.

Beaver Creek Jumbo home loans are not a
Beaver Creek on investment properties- primary residences and second homes only! What kind of mortgages can you get with a Beaver Creek Jumbo home loan? Fixed or adjustable rate loans are a Beaver Creekab. If your down payment is less than 20%, however, only ARMs are a Beaver Creek, and they are a
Beaver Creek 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 today. We will respond quickly and will give you honest answers to your Beaver Creek Colorado Jumbo Mortgage questions. http://www.rjbaxter.com/