Loan Limit Reduction Still Looming Around The Corner

Buy a Home in Del Mar, Solana Beach, Cardiff or Encinitas Now…..

October 1st is coming fast! Are you going to need another $151k down payment more than you we need today because of the loan amount reductions anticipated from $697,500 to $546,250 for San Diego County? Some banks are hoping to fill in the gap. A relationship with your bank may be key to getting a better rate on that jumbo loan although rates are still near their lowest levels ever at below 5% for a 30 year fixed but be prepared for the already strict underwriting standards to get tougher…. Do  you need help determining your credit score, down payment, interest rates or payment for a new purchase? Let me advise you on the upcoming changes and guide you through the maze!

Call my hotline at 619-742-0046

    For more details review Kenneth Harney Nation's Housing  and my previous article "San Diego Mortgage Loan Limits".

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