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 Weld County CO area?
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 mortgage 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 home loan rates higher on jumbo mortgages in Weld County?
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 Weld 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 will also count in the loan-to-value calculation. Debt-to-income are generally capped in the 41-43% maximum range. Income must be documented through tax returns and/or W2s. Weld County Jumbo mortgages are only for primary residences and second homes. No investment properties!

What kind of mortgages can you get with a Weld County Jumbo home 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 loan home buyers and can also help you refinance your jumbo loan.

Call us in the office today. We will respond quickly and will give you honest answers to your Weld County Colorado Jumbo Mortgage questions.http://www.rjbaxter.com/