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Jumbo loan in Idaho

What are the limits on a jumbo loan in Idaho? The home I'm buying is on a lot of land. I don't think I can take out a conventional loan for this. Boise,ID | Feb 1st 2011
by ajwalkers
Answer


by Joe Shamie

It depends on the county. Blaine County is $729,250, Telon County is $693,750 and Valley County is $462,500. All other counties are cpped at $417,000.

Feb 1st 2011
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by jon.o.n...

$417,000 is the maximum conventional loan in Idaho. The only option above that amount is Jumbo financing which requires 20% down payment minimum, plus reserves left over after closing, liquid funds.Contact me with any questions. jon.o.nalder@wellsfargo.com or 253-593-5315.thank you

Feb 1st 2011
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by jon.o.n...

High balance conforming is a tempoary program available in Blaine, Teton, and Valley counties until September 2011. They must fund before September 30, 2011, unless they extend the program. Maximum loan amounts depend upon the particular county. Conforming guidelines apply to these programs.

Feb 1st 2011
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by PatrickM

Hi. There is alot more to look at than the county. If the land is over 20 acres, you may need a specific type of loan that allows this. If the land is being used for any type of farming, you would ned a specific type of loan for that, as well. The loan limits are based by county and the info below is accurate. There are other types of loans for loan amounts that exceed those listed below. I have access to what are called- 'Super Jumbo' loans at rates below the Jumbo rates, if you can believe that.Hope this helps. Patrick McCarthy Northpointe Bank 866-901-3576

Feb 1st 2011
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by casey@t...

It depends on the county you are in, when you say "a lot" of land what do you mean by that? It also depends on the Loan To Value (LTV) you are at?

Feb 1st 2011
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by pwetter...

Hello, my name is Pete Wetterhall of Valhalla Capital Corp. If you credit qualify, we can provide you a non-conforming (portfolio financing) jumbo mortgage for up to 80% loan-to-value (20% down), loan amount up to $5,000,000. The best terms I could get you would be on a 5/1 adjustable rate mortgage (ARM) at a rate of 5.250 APR. To take advantage of this fantastic opportunity, please apply on line today through our web site at http://yourdreams1.web-loans.com. Thanks!!!

Feb 1st 2011
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