A jumbo loan is a hypothecary loan which exceeds the loan cap. Since these loans cannot be secured by anyone, jumbo lenders appear to have higher credit score standards than you would have to have on an adjustable loan.
The exact conditions can differ considerably between creditors and lenders and depending on your other revenue, debt and asset qualifications. But I would usually expect lenders to see loans on an investment real estate loan well into the 700s.
How about in your own country, what are the things you might consider already in higher standards? Please share your thought
The exact conditions can differ considerably between creditors and lenders and depending on your other revenue, debt and asset qualifications. But I would usually expect lenders to see loans on an investment real estate loan well into the 700s.
How about in your own country, what are the things you might consider already in higher standards? Please share your thought