Locating Tampa Jumbo Mortgage Loans

Locating Tampa Jumbo Mortgage Loans

Jumbo loans are a type of loan, available for prospective borrowers interested in purchasing their dream home. Jumbo loans are a new type of loan, that are not backed by the government. One of the reasons lenders prefer these loans, is because the statistical low default rate on them. As the market continues to show more evidence of low default rates on them, more and more Florida lenders are willing to offer jumbo loans to home owners, including First Nationwide Lending!

Jumbo Loan Benefits

•  Loan balances over $417,000
•  Fixed rate and ARM loans
•  Low interest rates (around 3.891% APR for 30 years as of February 12, 2013)
•  Typically under 80% loan to value
•  Single family homes
•  Owner Occupied

In order to understand if a Tampa jumbo loan is right for you, you should discuss your financial situation with a Tampa mortgage lender. With interest rates so low, now is the right time to purchase your dream home, with the help of a Jumbo loan. These types of loans are great for homeowners looking to purchase homes that have a high value, and require a substantial loan. Interest rates on jumbo loans are higher than other loans, because these are potentially higher risk loans.



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