90% financing and low Jumbo Home Loan Rates on Jumbo Loans in Dillon CO.http://bit.ly/1gl2QuT

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

There has never been a better time than right now to take advantage of this program. We specialize in helping luxury home buyers who need financing for higher jumbo loan amounts.

What is a jumbo home loan?

A jumbo loan in most counties is any loan that is greater than $417,000. However, there are some "high balance" counties in Colorado which are listed at the bottom of this article, or you can 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 Dillon?

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

What are the qualifying guidelines for a jumbo home loan in Dillon CO?

Jumbo home loans can be more difficult to obtain than conforming loans. You must first of all of good credit. Generally speaking, 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 ratios must also be reasonable, generally in the 41-43% maximum range. Income is documented through tax returns, or W2s, or both. Dillon Jumbo financing is also not available on investment properties- primary residences and second homes only!

What kind of loans can you get with a Dillon Jumbo mortgage?

Fixed or adjustable rate loans are available. With less than 20% down, however, you will have to take an ARM, or adjustable rate mortgage, which are available in 5 or 7 year terms (fixed for 5 or 7 years). Here are the 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 higher loan amount home buyers and can also help with jumbo loan refinances. Call us in the office today.We will respond quickly and will give you honest answers to your Dillon Colorado Jumbo Mortgage questions.http://www.rjbaxter.com/