{"id":603,"date":"2014-02-23T04:17:58","date_gmt":"2014-02-23T04:17:58","guid":{"rendered":"http:\/\/cranbrookloans.com\/?page_id=603"},"modified":"2014-02-23T04:17:58","modified_gmt":"2014-02-23T04:17:58","slug":"jumbo-loans","status":"publish","type":"page","link":"https:\/\/mortgageoriginator.org\/michaeldavis\/jumbo-loans\/","title":{"rendered":"Jumbo Loans"},"content":{"rendered":"<p>A Jumbo loan is required for financing on a mortgage that is higher than the conforming loan limits set by Fannie Mae and Freddie Mac.<\/p>\n<p>Jumbo loans are a riskier proposition than conventional loans because a larger sum of money is borrowed on a single transaction. Because of this risk with Jumbo loans the rates and down payment requirements are typically higher than a conforming or FHA loan.<\/p>\n<p>Typically jumbo loans require Private mortgage insurance if the borrower puts less than 20% down.  <\/p>\n<p>The jumbo mortgage financing is always in a state of flux as the supply and demand for these particular loan products can change due. Cranbrook Loans specializes in working with borrowers who need financing above conventional loan amounts.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Jumbo loan is required for financing on a mortgage that is higher than the conforming loan limits set by Fannie Mae and Freddie Mac. Jumbo loans are a riskier proposition than conventional loans because a larger sum of money is borrowed on a single transaction. Because of this risk with Jumbo loans the rates &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/mortgageoriginator.org\/michaeldavis\/jumbo-loans\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Jumbo Loans&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-603","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/pages\/603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/comments?post=603"}],"version-history":[{"count":0,"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/pages\/603\/revisions"}],"wp:attachment":[{"href":"https:\/\/mortgageoriginator.org\/michaeldavis\/wp-json\/wp\/v2\/media?parent=603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}