Greenwood Village 90% financing and low Jumbo Home Loan Rates on Jumbo Loans in Greenwood Village CO Are you looking for a Greenwood Village Colorado Jumbo mortgage company?

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 home loan?

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 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.
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Are mortgage rates higher on jumbo loans in Greenwood Village?

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. How do you qualify for a jumbo mortgage loan in Greenwood Village Colorado?
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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. 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 must be documented through tax returns and/or W2s. Greenwood Village Jumbo financing is also not available on investment properties- primary residences and second homes only! What kind of loans can you get with a Greenwood Village 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). 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....we will give you a customized Greenwood Village CO Jumbo Home Loan quote and honest answers to your questions!
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