Jumbo mortgage rates are near record lows, but can you get one?

Jumbo mortgage rates are near record lows, but can you get one?

Jumbo mortgage rates are near record lows, but there’s a catch for borrowers looking for home loans above the amount Fannie Mae and Freddie Mac will guarantee: It hasn’t been this tough to get a jumbo in four years.

Jumbo lenders like Chase and Wells Fargo beefed-up their standards when the economy began crumbling in mid-March and some stopped funding the home loans that exceed the amount the government will back, usually those above $510,400.

The rest of this content is for HW+ members. Join today with an HW+ Membership! Already a member? log in

The post Jumbo mortgage rates are near record lows, but can you get one? appeared first on HousingWire.
Source: https://www.housingwire.com/rss