Too expensive for me... the ideal IHO home is 3CWG without having to go into Super Jumbo Conforming (or whatever that limit is called).The Motor Court Company said:looks like an ideal iho home. 3CWG in a nice neighborhood. I think the price is about right as well, especially comparing to new constructions.
irvinehomeowner said:Too expensive for me... the ideal IHO home is 3CWG without having to go into Super Jumbo Conforming (or whatever that limit is called).The Motor Court Company said:looks like an ideal iho home. 3CWG in a nice neighborhood. I think the price is about right as well, especially comparing to new constructions.
That's the FHA limit, not the jumbo conforming loan limit of $625,500.gld2 said:$729,750 for orange county
irvinehomeowner said:Too expensive for me... the ideal IHO home is 3CWG without having to go into Super Jumbo Conforming (or whatever that limit is called).The Motor Court Company said:looks like an ideal iho home. 3CWG in a nice neighborhood. I think the price is about right as well, especially comparing to new constructions.
No, you can get a jumbo non-conforming loan at many banks (it's a portfolio loan that is not sold to Fannie Mae/Freddie Mac). The interest rate is about .50% to .75% higher than a jumbo conforming loan though.gld2 said:DARN!!! if you buy a million $$ house, you have to put down $374,500
USCTrojanCPA said:No, you can get a jumbo non-conforming loan at many banks (it's a portfolio loan that is not sold to Fannie Mae/Freddie Mac). The interest rate is about .50% to .75% higher than a jumbo conforming loan though.gld2 said:DARN!!! if you buy a million $$ house, you have to put down $374,500
Nope, you typically need to put down 20-25% for those private portfolio loans since they are not guaranteed by the govt. If you are an MD, some banks have special MD loans where you can put 5-10% down with no PMI.gld2 said:This is good. is 3-5% down still ok?
USCTrojanCPA said:No, you can get a jumbo non-conforming loan at many banks (it's a portfolio loan that is not sold to Fannie Mae/Freddie Mac). The interest rate is about .50% to .75% higher than a jumbo conforming loan though.gld2 said:DARN!!! if you buy a million $$ house, you have to put down $374,500