Jumbo Home Loans Pueblo CO

Are you in need of money and are considering a jumbo loan? If so, read the following article for some important information regarding the loans.

Local Companies

Wells Fargo Home Mortgage
(719) 542-5881
201 W. 8th Street
Pueblo, CO
Countrywide Home Loans, Inc
(719) 543-4915
200 W 29th Street
Pueblo, CO
Premier Mortgage Services, Inc.
(719) 542-5626
1700 Fortino Blvd.
Pueblo, CO
First American Cash Advance
(719) 566-8361
1101 S Prairie Ave
Pueblo, CO
Vectra Bank Colorado
(719) 586-1110
200 W 1st St
Pueblo, CO
Greenway Mortgage
(719) 544-4888
930 Eagleridge Blvd
Pueblo, CO
Wells Fargo Financial
(719) 561-2950
1721 S Pueblo Blvd
Pueblo, CO
United Mortgage Company
(719) 544-5090
201 W 8th St
Pueblo, CO
Vectra Bank Colorado
(719) 549-6019
1250 W US Highway 50
Pueblo, CO
Valued Services Inc
(719) 404-1700
3035 N Elizabeth St
Pueblo, CO

A jumbo loan is a home loan that is greater than the loan limit set by the Federal National Mortgage Association (also known as Fannie Mae) and the Federal Home Loan Mortgage Company (also known as Freddie Mac). Currently, the maximum value of a standard loan is $417,000 for a single home property; $533,850 for a two dwelling property; $645,300 for a three dwelling property; and $801,950 for a four unit property. Any single loan amount that exceeds those values will bump your loan into jumbo loan territory. Loans within the limits are referred to as conforming loans.

Because jumbo loans are not supported by the two listed Federal Mortgage agencies, they usually carry a higher interest rate. Other than the higher interest rate, jumbo loans are identical to a traditional, conforming loan. You can usually obtain a jumbo loan through the same channels as a conforming loan as well.

  1. Visit a local bank or credit union. Go into your local branch and ask to speak with a loan specialist. Explain the loan that you need and the loan specialist will walk you through the application process.

  2. Contact your financial institution of choice by phone. Place a call to your business of choice and ask to speak with a loan officer. Many financial institutions will begin the loan process over the phone and either send you the paperwork by mail or have you come into a local office to sign the documents.

  3. Apply to a specific institution through the Internet. In the interest of reaching more customers and increasing their efficiency, nearly all major financial institutions will now take your application online. Visit the site of your financial institution of choice and follow the instructions to apply for a loan.

    ...

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Author: Brad Halvorsen

Featured Local Company

Wells Fargo Home Mortgage

(719) 542-5881
201 W. 8th Street
Pueblo, CO


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