Jumbo loan in Boulder
I work as a firefighter in Boulder and it’s common for us to have “side jobs” given our erratic schedule. I am a newbie real estate investor who plans to invest in multi-unit properties to start. I think I need a jumbo loan to get this deal done, how do I qualify? Are they the same as conventional loans? by kmiller682 from Boulder, Colorado. Nov 29th 2021
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Multi-family investment properties typically will require a minimum down payment in the cookie cutter loan world. You may be able to find some non-conforming loans with just 20% down. Jumbo loans (as of today in most of the country) are loan amounts over $647,000, and do come with tighter guidelines. You best advice is to simply contact a mortgage broker in your area. Give them a full application, and they can zero in on what options will e available for you. I lend for homes in MN, WI, IA, ND, SD. I can be found at VAMortgageMN.com - Cambria Mortgage, NMLS 274132
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