90% financing and low Jumbo Mortgage Rates on Colorado Jumbo Loans.http://bit.ly/1gl2QuT

Are you looking for a Jumbo Home Loan in the Silverthorne CO area?

Right now is the time to lock in a low jumbo mortgage rate. 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 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 Silverthorne?

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.

What are the qualifying guidelines for a jumbo home loan in Silverthorne 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. Generally speaking, 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. 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. Silverthorne Jumbo home loans are not available on investment properties- primary residences and second homes only!

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

Fixed or adjustable rate loans are available. If you are putting less than 20% down, however, you will have to take an ARM, and they 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....we will give you a customized Silverthorne CO Jumbo Home Loan quote and honest answers to your questions! http://www.rjbaxter.com/