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

Are you looking for a Jumbo Mortgage lender in Littleton CO? I

t'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 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.

Are mortgage rates higher on jumbo loans in Littleton?

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.http://bit.ly/18Fm3DU

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

Stricter guidelines can make Jumbo mortgages more difficult to qualify for than conforming loans. First of all, 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. 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. 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.

Littleton Jumbo financing is also not available on investment properties- primary residences and second homes only! What kind of mortgages can you get with a Littleton 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).

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 jumbo loan home buyers and can also help you refinance your jumbo loan. Call us in the office for a fast response and to get a customized Littleton CO Jumbo Loan quote!http://www.rjbaxter.com/