When the mortgage market collapsed fixed rate jumbo loans disappeared.  Adjustable Rate Mortgages (ARMs) have been available but at very high rates.  When looking at the Market Tracker graphs on PDXBuyers.com it doesn’t take long to see that the market typically financed by the jumbo loan market has been hit harder than the conforming market. … Continue reading Jumbo Loans Returning to Portland Real Estate

Jumbo loans are harder to qualify for and more expensive than conventional loans that have a loan limit of $417,000 (including FHA).  The chart below shows the maximum sales price given some of the standard down payments.  Closing costs are not considered below. % Down Loan Limit Max Price Down Payment 3.5% $ 417,000.00 $… Continue reading Jumbo Loans