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

Are you looking for a Jumbo Mortgage lender in Parker 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 mortgage?

A jumbo loan in most counties is any loan that is greater than $417,000. There are some "high balance" counties in Colorado and they are listed at the bottom of this article or 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 Parker?

Not necessarily! Currently, we have jumbo rates available that are lower than traditional mortgages. Until recently, this has not been the case. 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.

How do you qualify for a jumbo mortgage loan in Parker Colorado?

Jumbo home loans can be more difficult to obtain than conforming loans. The first requirement is that you must have 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. 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 also obtain a HELOC, or 2nd mortgage, that 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 must be documented through tax returns and/or W2s. Parker Jumbo mortgages are only for primary residences and second homes. No investment properties!

What kind of loans can you get with a Parker 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 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 Parker CO Jumbo Loan quote!
http://www.rjbaxter.com/