In Orlando real estate, Premier Home Funding, one of our preferred vendors, has rolled out a new Jumbo Loan program. Jumbo loans are typically for buyers in the $500,000 - $600,000 range. In the past, if a buyer needed a jumbo loan to buy a home, the interest rate was a bit higher then that of someone getting a loan in the $250,000 - $300,000 range. This new loan program will allow potential buyers within the Orlando real estate market to borrow up to $679,000 and still qualify for a good interest rate. Getting a lower interest rate will prevent homeowners from paying private mortgage insurance (PMI), allow them to put more cash down, and possibly get more house for their money. With this new and improved programs, Orlando realtors, buyers, and vendors can work together to successfully buy or sell your house!
