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Jumbo loans more difficult to obtain

There are so many types of loans and such frequent changes that most lenders no longer give out rate sheets – so much depends as well on the borrower’s credit score and many individual criteria – including, often, what kind of relationship the borrower intends to have with the lender.

Yesterday I called some of my favorite lenders to see what they had to offer a client: a doctor, looking for a jumbo loan (over $417,000 but less than $500,000) with 10% down and a 30 year fixed rate. I only found one, and learned I should be happy to find that.

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