Need a Jumbo Mortgage? Lenders Are Raising the Bar

Written by Florida Condotel Mortrgage on July 16, 2020. Posted in Florida Condotel Mortgage.

Lenders take on more risk with jumbo (nonconforming) loans because Fannie or Freddie won’t buy them, and a fear of recession has caused many lenders to pull back. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions.

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