Important relevant mortgage news you can use. Every post is typed by Michael Hansen, a California Mortgage Broker, unless another credit is mentioned.
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April 7, 2021
JUMBO Just Got Better
Lock in more Jumbo Smart loans with HUGE improvements!
Our new Jumbo Smart product just got stronger! Based off of your feedback, we made enhancements to Jumbo Smart, just in time for the heart of purchase season – while rates are still low!
We’ve increased the max loan amounts from $2 million up to $2.5 million.
Only one appraisal is needed!
Raised the LTV cap from 80% all the way up to 89.99 % LTV. No mortgage insurance needed!
Increased DTI up to 45%.
Lowering FICO® Score down to 680.