Jumbo Lending

Although it would seem to make sense that a larger loan inherently carries more financial risk to the lender than a smaller loan and that the interest rate would be higher as a result, jumbo loan interest rates are not very different from the rates on conforming loans, and in many cases are lower. https://www.jumbo-lending.com//do-jumbo-mortgages-have-hig

Many government-backed mortgages are designed for moderate- and low-income borrowers. The U.S. Department of Agriculture loan program has strict income limits that make it virtually impossible to qualify for a jumbo loan because you won't pass the DTI test. https://www.jumbo-lending.com//is-there-a-government-backe

Jumbo loan approval is based on the same basic formula as any other mortgage. Eligibility depends mainly on income, cash reserves, credit score, debt, employment status, property type and property use. https://www.jumbo-lending.com//how-do-you-qualify-for-a-ju