Texas Jumbo Loans

Everything is bigger in Texas, including Texas jumbo loans. I thought these were interesting points in this recently published  WSJ article, “In Texas, Home Buyers Go for Jumbo Loans :

  • “In Austin, the state’s priciest market, the median sale price for an existing home was $240,700 in December, a 10.7% year-to-year rise, according to NAR. That’s less than a third of the $737,600 median price in San Francisco.”
  • Many high-end Austin buyers are opting for jumbo financing because of lower interest rates
  • In tighter markets, cash is king in bidding wars.

What has been your experience?

Want to know more about Texas jumbo loans? Check out my free jumbo loan FAQ for the fundamentals. PrimeLending has newly improved jumbo loans to better support our client’s home financing needs.

Our portfolio include the Jumbo ARMS Program, Jumbo Plus Program and Jumbo 89.90 LTV No MI Program. To learn more about the Jumbo loan products, give me a call or contact me now.

 

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