Tag Archives: Good News for High-End Home Buyers?

Jumbo loans are reportedly becoming easier to obtain, which may be welcome news for high-end home buyers. Jumbo loans are mortgages larger than $417,000 in most parts of the nation and $625,000 in high-cost areas. In the first quarter of 2013, lenders originated $54 billion in jumbo loans, up from $47 billion one year earlier, according to Inside Mortgage Finance. Many jumbo lenders also reportedly are increasing the amount of a home’s value they will agree to finance. “The pickup in jumbo lending comes as home prices are rising and […]