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2. What is a jumbo loan and when do you need one?

   www.aol.com/finance/jumbo-loan-one-133806802.html

   However, as of October 25, 2023, the 30-year jumbo rate was 7.72 percent according to Bankrate’s survey of national lenders, with the conforming 30-year fixed at 8.01 percent.

3. How much is a down payment on a house? - AOL

   www.aol.com/finance/much-down-payment-house...

   Jumbo loan: 10 percent down payment. Jumbo loans are a specific type of conventional loan that (as their name implies) are for big sums — so big they don’t conform to the standards set by the ...

4. Jumbo mortgage - Wikipedia

   en.wikipedia.org/wiki/Jumbo_mortgage

   In the United States, a jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits. [1] This standard is set by the two government-sponsored enterprises (GSE), Fannie Mae and Freddie Mac, and sets the limit on the maximum value of any individual mortgage they will purchase from a lender.

5. What are non-conforming loans? - AOL

   www.aol.com/finance/non-conforming-loans...

   FHA loans: FHA loans allow you to borrow money for a home purchase with a credit score as low as 580 and a down payment of just 3.5 percent — or a credit score of 500 if you put down 10 percent.

6. What is a down payment? - AOL

   www.aol.com/finance/down-payment-180952544.html

   In that $400,000 home example, a 20 percent down payment would save more than $78,000 over a 30-year mortgage. ... For conventional loans, the minimum mortgage down payment is 3 percent. FHA loans ...

7. 2024 jumbo loan limits by state

   www.aol.com/finance/2024-jumbo-loan-limits-state...

   The conforming loan limits set by the Federal Housing and Finance Agency (FHFA) change every year. For 2024, the upper limit is $766,550 to $1,149,825, depending on location. ... Down payment ...

8. Daily mortgage rates for Sept. 12 2024: Rates continue slide ...

   www.aol.com/finance/daily-mortgage-rates-for...

   See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo ... These figures are lower than a year ago, when rates averaged 7.12% for a 30-year term and 6.52% for a 15 ...

9. Best jumbo mortgage lenders in 2024 - AOL

   www.aol.com/finance/best-jumbo-mortgage-lenders...

   Credit requirements: 620 for conventional loans, 740 for jumbo loans. Down payment minimum: 5% for conventional loans, 3.5% for FHA loans, none for VA and USDA loans. Where to find: ...