Today I’m updating you about the recent changes in lending guidelines. If you got a pre-approval a couple of months ago, you’re looking for a home here in Silicon Valley, and you have a jumbo loan, you especially need to pay attention to the recent changes. First, down payment requirements have increased. Remember, a jumbo is any loan over $510,000. Before, you could put down 10% to 15% for a jumbo loan, but now the minimum down payment requirement is 20%. To learn what else has changed in the lending world, watch my latest video.
▷ Click image to view the video
Read the full article here: https://www.sophierealestate.com/blog/recent-changes-lending-guidelines/
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Sophie Shen Real Estate Team
sophierealestate.com
CalBRE#:01837259
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