Jumbo vs Conventional Loan
JUMBO LOAN VS. CONVENTIONAL: WHAT KALAMAZOO MOVE-UP BUYERS MUST KNOW Are you shopping for a luxury executive home or a custom build in Texas Township, Portage, or Richland? Yesterday, a move-up buyer walked into my office after touring a gorgeous five-bedroom home near Texas Corners. The listing sat well above their previous starter home price... Read More
HOW TO FIX FHA APPRAISAL REPAIRS
HOW TO FIX FHA APPRAISAL REPAIR FLAGS WITHOUT KILLING YOUR KALAMAZOO DEAL Are you using an FHA, VA, or USDA loan to buy a home in Kalamazoo, Portage, or Parchment? Yesterday, a buyer called my office in complete panic right after their appraisal report came back on a charming 1950s ranch home near Milwood. The... Read More
Kalamazoo vs Portage
LIVING IN KALAMAZOO VS. PORTAGE, MI: WHICH CITY FITS YOUR LIFESTYLE? Are you planning a move to Southwest Michigan and trying to decide between buying in Kalamazoo or Portage? Yesterday, a move-up family walked into my office after spending the weekend touring homes in both cities. They loved the energy of Kalamazoo’s downtown, but they... Read More
BUY A FIXER-UPPER AND ROLL REPAIRS INTO ONE MORTGAGE
HOW TO BUY A FIXER-UPPER AND ROLL REPAIRS INTO ONE KALAMAZOO MORTGAGE Are you hunting for a house in Kalamazoo, Portage, or Texas Township, but every home in your price range needs a complete kitchen or bathroom overhaul? Yesterday, a buyer called my office after touring a mid-century home near Milwood. The lot looked great,... Read More
HOW TO BUY A HOME WITH 0% DOWN NEAR KALAMAZOO USING A USDA LOAN RURAL DEVELOPMENT
0% DOWN NEAR KALAMAZOO USING A USDA RURAL DEVELOPMENT LOAN Are you shopping for a house around Kalamazoo, but feeling frustrated by down payment requirements? Yesterday, a buyer visited our office looking at properties just outside Portage. They loved the larger lot sizes in areas like Schoolcraft and Mattawan. But they assumed only military veterans... Read More
HOW TO BOOST YOUR CREDIT SCORE IN 5 DAYS
HOW TO BOOST YOUR CREDIT SCORE IN 5 DAYS TO WIN A LOWER KALAMAZOO MORTGAGE RATE Are you getting ready to apply for a mortgage on a home in Kalamazoo, Portage, or Texas Township? Yesterday, a buyer walked into my office wanting to put an offer on a house near West Main Hill. Their middle... Read More
Planning to Buy a Condo? Read This Before You Make an Offer!
Are you shopping for a condominium this year? If so, a major rule change just went into effect that could impact your home loan. Fannie Mae and Freddie Mac recently updated their master insurance requirements. Here is the bottom line: CONDO ASSOCIATIONS MUST NOW CARRY 100% REPLACEMENT COST COVERAGE. If an association falls short of... Read More
HOW TO QUALIFY FOR $10,000 IN MSHDA DOWN PAYMENT HELP
Are you renting in Kalamazoo, Portage, or Texas Township and wondering if you can actually afford to buy a house this year? Lets explore the MSHDA down payment assistance loan requirements in Michigan. Yesterday, a buyer called our office after looking at homes in Portage, MI. They had a steady job and solid income, but... Read More
THE 10-MINUTE INSURANCE CHECK THAT SAVES YOUR MORTGAGE CLOSING
Are you under contract on a home in Kalamazoo, Portage, or Texas Township right now? If you haven't figured out your insurance yet its time to do that! Yesterday, a buyer called me three days before their scheduled closing date near the Edison neighborhood. Their underwriting checklist looked completely clear, but our team hit a... Read More
PROTECT YOUR MORTGAGE RATE IF CLOSINGS DELAYED
Are you under contract on a home with an expiring rate lock? Need a rate lock extension? Yesterday, a buyer called me in a total panic. They locked in their mortgage interest rate 30 days ago while shopping for a home near the Westwood neighborhood. Everything moved along fine until the seller asked to push... Read More
Latest Blog Post
Jumbo vs Conventional Loan
JUMBO LOAN VS. CONVENTIONAL: WHAT KALAMAZOO MOVE-UP BUYERS MUST KNOW
Are you shopping for a luxury executive home or a custom build in Texas Township, Portage, or Richland?
Yesterday, a move-up buyer walked into my office after touring a gorgeous five-bedroom home near Texas Corners. The listing sat well above their previous starter home price point, and they were trying to calculate their down payment strategy.
They asked me, “Jeremy, at what price point does our mortgage switch from a standard Conventional loan into a Jumbo loan? Do Jumbo loans require massive 20% cash down payments?”
Visit Jeremy's Blog