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derrickfinnerty
Joined: 02 Apr 2008
Posts: 1
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| Posted: Wed Apr 02, 2008 10:07 pm Post subject: Jumbo Conforming Loans |
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Are any lenders actually offering loans that fit under the newly-raised Freddie/Fannie limits ($729,750 in some areas)? If so, what kinds of rates are they offering?
I tried Chase and their rates were exactly as high as for jumbo non-conforming mortgages. |
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liverichly
Joined: 10 Feb 2005
Posts: 198
Location: Orange County, CA
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| Posted: Thu Apr 03, 2008 8:31 am Post subject: |
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| There is an adjustment to the interest rate for anything that fits into the "conforming jumbo" category. The rates are around 6.5%, which is pretty good considering normal jumbo rates are in the upper 6's to lower 7's. |
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prestonian
Joined: 19 Sep 2006
Posts: 15
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| Posted: Wed Jul 16, 2008 9:01 pm Post subject: |
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yes, we do have more than 20 lenders with us under one roof.
Kindly call me at 8662075340 extn:1103 |
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rationale
Joined: 08 Jan 2008
Posts: 12
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| Posted: Wed Aug 06, 2008 7:14 pm Post subject: |
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| Does anyone know how I can I find out what the loan limit is for a particular area? |
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Infinite One
Joined: 27 Aug 2008
Posts: 5
Location: Huntingdon Valley, PA 19006
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| Posted: Wed Aug 27, 2008 7:58 pm Post subject: |
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| Sure, What particular area are you looking at? |
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liverichly
Joined: 10 Feb 2005
Posts: 198
Location: Orange County, CA
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| Posted: Mon Sep 01, 2008 7:52 am Post subject: |
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| You can check FHA & conventional conforming loan limits at https://entp.hud.gov/idapp/html/hicostlook.cfm (conforming loan limit is at $417,000 for 1-unit properties unless noted differently on that website). |
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