Colorado
Home Loans -
Jumbo Mortgage Loans
Colorado
Jumbo mortgages are categorized as loans in excess of $322,700.00
for single-family residences.
Fixed rate loans
always vary in price between conforming and jumbo loan amounts although
some adjustable rate mortgages have much higher limits prior to
altering the pricing.
- Available
up to 4 million dollars.
- Construction,
purchase, refinance or refinance with cash-out O.K.
These loans
do not conform to the guidelines established by Fannie Mae or Freddie
Mac or exceeds the conventional loan limit this is called a Jumbo
loan. These loan amounts can go up to 2 million dollars. Loan to
value limits for Jumbo loans range from 50% to 95% depending on
the loan amount.
With this Colorado
Home Loans-Jumbo Mortgage, borrowers can maximize their cash flow
by making fixed rate interest only payments during the first five
years of the 30 year jumbo loan. By freeing up their funds this
loan program allows borrowers to direct their savings to short term
investments or other interests. This can add up to substantial monthly
savings and increased purchasing power.
Cash Out for
Home Improvements or Debt Consolidation, etc.
Loan amounts
range from $288,000-$2,000,000.
Fixed Rate -
Fixed rate mortgage in a variety of terms up to $2,000,000 loan
amount.
One Year Treasury
ARM - One year adjustable rate mortgage that adjusts annually for
loan amounts to $3,000,000.
3/1 Treasury
ARM - Adjustable rate mortgage for loan amounts to $2,000,000 that
has a fixed rate for the first three years and adjusts annually
afterward.
5/1 Treasury
ARM - Adjustable rate mortgage for loan amounts to $2,000,000 that
has a fixed rate for the first five years and adjusts annually afterward.
7/1 Treasury
ARM - Adjustable rate mortgage for loan amounts to $2,000,000 that
has a fixed rate for the first seven years and adjusts annually
afterward.
Thank you, for your interest in Colorado Home Loans-Jumbo Mortgage
Loans.
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