Archive for the 'Jumbo Loans' Category
Posted by madisonmortgage on 23rd December 2009
A non conforming mortgage loan is one that does not conform to Fannie Mae or Freddie Mac guidelines because the loan amount is too high or because Fannie Mae or Freddie Mac underwriting or other criteria are not met. Illinois jumbo and Wisconsin jumbo mortgage loans are much riskier for the lender not only because of [...]
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Posted by madisonmortgage on 11th October 2008
Jumbo loans in Illinois and Wisconsin are loans above the maximum loan amount established by the programs offered by the government-chartered corporations Fannie Mae and Freddie Mac. The average interest rates on jumbo mortgages are typically greater than is normal for conforming mortgages, and vary depending on property types and mortgage amount. Jumbo mortgages are [...]
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Posted by madisonmortgage on 18th April 2008
Illinois jumbo loans and Wisconsin jumbo mortgage loans, also called non-conforming loans, are mortgages with loan amounts greater than the conforming loan limit. Jumbo loans are often securitized by institutions other than Fannie Mae or Freddie Mac. They traditionally were viewed as having slightly higher risk than the “conforming” loans of up to $417,000 that [...]
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Posted by madisonmortgage on 30th March 2008
Illinois jumbo Loans and Wisconsin jumbo mortgage loans are mortgages with loan amounts which exceed the current Fannie Mae/Freddie Mac limit. They are often securitized by institutions other than Fannie Mae or Freddie Mac. They also tend to carry a higher interest rate than conforming loans. Jumbo loans are also known as non-conforming loans. We offer Wisconsin [...]
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