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

Are you looking for a Eagle Colorado Jumbo mortgage company?

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 home loan?

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

Are home loan rates higher on jumbo mortgages in Eagle?

Not necessarily! Currently, we have jumbo rates available that are lower than traditional mortgages. Until recently, this has not been the case. Rates can vary from day to day and are dependent on your scenario so call today for a customized rate quote.

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

Jumbo home loans can be more difficult to obtain than conforming loans. You must first of all of 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 also obtain a HELOC, or 2nd mortgage, that will also count in the loan-to-value calculation. Debt-to-income are generally capped in the 41-43% maximum range. Income is documented through tax returns, or W2s, or both. Eagle Jumbo financing is also not available on investment properties- primary residences and second homes only!

What kind of home loans can you get with a Eagle Jumbo loan?

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). 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 for a fast response and to get a customized Eagle CO Jumbo Loan quote!http://www.rjbaxter.com/