Jumbo Mortgages Experience Significant Growth

Posted by:  Service First
2015-08-04 06:55:28

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

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