Sources of 90% LTV jumbo mortgages for a refi in Illinois?
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Thread created 09-13-2012 by corkypa
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corkypa, when you refer to Jumbo, are you referring to a loan that exceeds the Conventional High Balance Limits for your County?
While standard Conventional Loan amounts go up to $417,000; there...
Sources of 90% LTV jumbo mortgages for a refi in Illinois?
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Thread created 09-13-2012 by corkypa
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I'm paying way to high an interest rate, but until this summer the real estate activity in my town was so moribund that house values had barely budged above their 2008 lows. As far as the assessors...
Sources of 90% LTV jumbo mortgages for a refi in Illinois?
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Thread created 09-13-2012 by corkypa
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Are you referring to the area-specific high-cost limits? I already checked that, and standard limits apply in my area. I happen to live in an expensive small town (school considerations drove me to...
Sources of 90% LTV jumbo mortgages for a refi in Illinois?
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Thread created 09-13-2012 by corkypa
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3 Replies
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Unfortunately, as you have confirmed, you are at the $417,000 in your area.
Loan limits are set annually by the FHFA and in certain areas (designated by County) the $417,000 conventional limit...
