The good news is the pendulum has swung from the conservative side of guidelines to a more reasonable/flexible underwriting of Jumbo loan. Great news, isn't it?! That means more and more homeowners are using Jumbo loans than just a few years ago.
Beginning January 1, 2018 a jumbo mortgage is a home loan for an amount that exceeds conforming loan limits established by this new regulation. The jumbo loan, depending on which county you are in or moving to, ranges from above $453,100 to $679,650. Give us a call and we can check to see what your new jumbo loan size is for your County.
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