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When it comes to selecting a mortgage for your new home purchase, there are a wide array of loan options available. In our experience, many borrowers are unaware of the number of loan products and don’t know the different types of products and programs that might be available.
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Jumbo mortgage – Wikipedia – 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. This standard is set by the two government-sponsored enterprises, Fannie Mae and Freddie Mac, and sets the limit on the maximum value of any individual mortgage they will purchase from a lender.. fannie mae (fnma) and Freddie Mac (FHLMC.
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Mortgage Products | Wings Financial – With a Wings Adjustable-Rate Mortgage, you can avoid paying private mortgage insurance (PMI) if you have: 10% down payment; Credit score of 720 or higher; Active Wings checking account Available on ARM products up to $1,000,000. Purchase and rate & term refinances only. For loans greater than $1,000,000 speak to a loan officer for details.