{"id":194,"date":"2024-10-27T13:32:09","date_gmt":"2024-10-27T13:32:09","guid":{"rendered":"https:\/\/carpenterhomeloans.com\/?post_type=loan-options&#038;p=194"},"modified":"2024-10-27T14:08:08","modified_gmt":"2024-10-27T14:08:08","slug":"jumbo-loans","status":"publish","type":"loan-options","link":"https:\/\/carpenterhomeloans.com\/es\/loan-options\/jumbo-loans\/","title":{"rendered":"JUMBO Loans"},"content":{"rendered":"<div id=\"1038604673\" class=\"u_1038604673 dmNewParagraph\" data-element-type=\"paragraph\" data-version=\"5\">\n<h2 class=\"text-align-left m-size-24\"><span class=\"m-font-size-24\">What is a JUMBO Loan?<\/span><\/h2>\n<\/div>\n<div id=\"1414452008\" class=\"dmNewParagraph\" data-element-type=\"paragraph\" data-version=\"5\" data-uw-styling-context=\"true\" data-diy-text=\"\">\n<p class=\"m-size-16\"><span class=\"m-font-size-16\">JUMBO loans are mortgages set aside exclusively for the financing of properties that are too expensive for conventional conforming loans. Since the maximum amount you\u2019re typically allowed to finance with a conventional loan is $647,200*, you may need to seek out additional financing in the form of a JUMBO loan. Here in the\u00a0<\/span><strong><span class=\"m-font-size-16\"><span class=\"inline-data-binding\" data-encoded-value=\"U2FuIERpZWdv\" data-inline-binding=\"site_text.city keyword\">Arizona<\/span><\/span><\/strong>\u00a0<span class=\"m-font-size-16\">market, the average home price has skyrocketed in recent years, and in most zip codes \u2014 including here in\u00a0<\/span><span class=\"m-font-size-16\"><span class=\"inline-data-binding\" data-encoded-value=\"OTIxMTY=\" data-inline-binding=\"site_text.zipcode\">85233<\/span><\/span>\u00a0<span class=\"m-font-size-16\">&#8211; where the mean purchase price is now much higher. So, if you\u2019re a local\u00a0<\/span><strong><span class=\"m-font-size-16\"><span class=\"inline-data-binding\" data-encoded-value=\"U2FuIERpZWdvIENvdW50eQ==\" data-inline-binding=\"site_text.county keyword\">Maricopa<\/span><\/span><\/strong>\u00a0<span class=\"m-font-size-16\">buyer, you\u2019ll likely need to consider a JUMBO loan to finance your new home.\u00a0<\/span><\/p>\n<p class=\"m-size-16\"><span class=\"m-font-size-16\">*Each county and lender\u2019s conforming loan limits may vary, so<\/span>\u00a0<a class=\"m-font-size-16\" href=\"https:\/\/www.fhfa.gov\/DataTools\/Downloads\/Pages\/Conforming-Loan-Limits.aspx\" target=\"_blank\" rel=\"noopener\" type=\"url\">click here<\/a>\u00a0<span class=\"m-font-size-16\">to see what your county\u2019s conforming loan limits are.<\/span><\/p>\n<\/div>\n","protected":false},"featured_media":195,"template":"","class_list":["post-194","loan-options","type-loan-options","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/carpenterhomeloans.com\/es\/wp-json\/wp\/v2\/loan-options\/194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carpenterhomeloans.com\/es\/wp-json\/wp\/v2\/loan-options"}],"about":[{"href":"https:\/\/carpenterhomeloans.com\/es\/wp-json\/wp\/v2\/types\/loan-options"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carpenterhomeloans.com\/es\/wp-json\/wp\/v2\/media\/195"}],"wp:attachment":[{"href":"https:\/\/carpenterhomeloans.com\/es\/wp-json\/wp\/v2\/media?parent=194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}