Standard Mortgage Blog

While homes come in different shapes, styles, and sizes, most mortgage products work similarly. There are a variety of conventional as well as other government-backed loan products that vary slightly in their underwriting and documentation requirements. However, the documentation required and financial standards may change more significantly if you need a jumbo loan. A jumbo loan product is a..

A jumbo loan is a loan exceeding the conforming loan limit  set by the Federal Housing Finance Agency (FHFA). This year, in most parts of the country, that limit is $484,350. If you are looking for a large home or a home in a pricier area, a jumbo mortgage may fit your financing needs. You’ll need to be aware of some of the requirements you need in order to qualify for the jumbo loan.  

Committing to the purchase of your first home can be an overwhelming process.  If you are a qualifying member of the armed forces, a Veteran or qualifying spouse, a VA loan may offer more lenient income and credit requirements.  Backed by the Department of Veteran’s Affairs, VA loans exist to help renters become homeowners.  Here’s what you need to do to take advantage of this fantastic opportunity.