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

Are you looking for a Jumbo Mortgage lender in Larimer County CO?

It's a great time to take advantage of the jumbo mortgage program. 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 mortgage 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 mortgage rates higher on jumbo loans in Larimer County?

Not necessarily! Currently, we have jumbo rates available that are lower than traditional mortgages. Until recently, jumbo rates were higher and sometimes much higher than conventional rates. 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 Larimer County CO?

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. 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 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. You must be able to prove your income through tax returns, or W2s, or both. Larimer County Jumbo mortgages are only for primary residences and second homes. No investment properties!

What kind of home loans can you get with a Larimer County Jumbo 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). 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 for a fast response and to get a customized Larimer County CO Jumbo Loan quote!http://www.rjbaxter.com/