Do You Need A Jumbo Loan?
March 24th, 2009 categories: Real Estate News
Bank of America Introducing New Jumbo Mortgage Programs
Bank of America will offer loans from $730,000 to $1.5 million with 30 year fixed rates under 6%. Borrowers must have 20% downpayment, good credit, provide proof of income, and hold 6 months of principal, interest, property tax and insurance payments in reserve.
Other banks will also be offering jumbo loans.
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