Jumbo Mortgages Experience Significant Growth
Did you know jumbo loans now account for approximately 20 percent of all mortgage loans?
According to Mortgage Professional America, jumbo mortgage lending grew 36 percent year-over-year to an estimated $160 billion in the first half of 2015.
In Texas, the threshold for jumbo loans starts at $417,000. Many lenders require 20 percent down on a jumbo loan; however, Service First requires only 10 percent down.
To learn more about jumbo loans or to apply, contact a Service First branch near you today!
Categories: industry news