Jumbo Mortgage Problems Hurting High End Home Sales

By Franklin Rhodes • May 18th, 2009
The limited availability and high cost of jumbo mortgage products not backed by the government is taking a toll on sales of high-priced homes, a trend that’s rippling through housing markets and the economy, according to a new research report by the National Association of Realtors.  The mortgage lending report floats the idea of temporarily [...]

Jumbo Mortgage Problems Hurting High End Home Sales

Comments(1) Bad Credit Mortgages, FHA, Home Loan News, Jumbo Mortgage News

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By J. Seau on October 1st, 2009 at 1:15 pm

Please let me know how to qualify for a super jumbo mortgage loan that exceeds 1 million. We bought our house a few years back and the 7% interest rate tough on a 2 million dollar mortgage. Does these Obama loans cover the super jumbos?
Thanks for your help.

 

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