Understanding Jumbo Loans

If you're shopping for a higher-priced home, you may hear the term "jumbo loan." A jumbo loan is simply a mortgage that exceeds the annual conforming loan limits.

Jumbo loans are commonly used in higher-cost housing markets and aren't just for luxury buyers.

Borrowers generally need strong credit, stable income, adequate cash reserves, and acceptable debt-to-income ratios. Some programs also allow lower down payments than many people expect.

We'll help determine whether a jumbo loan is the right fit for your goals.

Visit www.mortgagetechloans.com to learn more.

Sincerely, Marty Prince Mortgage Technology www.MortgageTechLoans.com Office: 714-289-1609 Email: mprince@socal.rr.com DRE #00887075 NMLS #246997