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

Are you looking for a Jumbo Mortgage lender in Boulder CO?

Right now is the time to lock in a low jumbo mortgage rate. We specialize in helping luxury home buyers who need jumbo financing for the higher jumbo loan amounts.

What is a jumbo mortgage?http://bit.ly/18Fm3DU

A jumbo home loan in most counties is any loan with a balance 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.

Are mortgage rates higher on jumbo loans in Boulder?

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.

What are the guidelines for qualifying for a jumbo mortgage in Boulder CO?

Jumbo home loans can be more difficult to obtain 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. Your down payment can be as low as 10%, but rates and terms 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. Boulder Jumbo home loans are not available on investment properties- primary residences and second homes only!

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

Fixed or adjustable rate loans are available. If your down payment is less than 20%, however, only ARMs are available, 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 loan home buyers and can also help you refinance your jumbo loan. Call us in the office today. We will respond quickly and will give you honest answers to your Boulder Colorado Jumbo Mortgage questions.http://www.rjbaxter.com/