Illinois Jumbo Loans Wisconsin Jumbo Mortgage Loans

Posted by Dennis Hardy on Mar 30, 2008

Illinois jumbo Loans and Wisconsin jumbo mortgage loans are mortgages with loan amounts which exceed the current Fannie Mae/Freddie Mac limit. They are often securitized by institutions other than Fannie Mae or Freddie Mac. They also tend to carry a higher interest rate than conforming loans. Jumbo loans are also known as non-conforming loans. Ameristar Mortgage offers Wisconsin jumbo loans and Illinois jumbo mortgage loans up to $3,000,000.

General Jumbo Loan program information can be found on our site: http://www.AmeristarMadison.com

In general, interest rates on jumbo loans are higher today than they were even in recent history, and lenders additionally are tending to become more strict on the eligibility requirements for obtaining jumbo loans. Because these loans are not covered by Fannie and Freddie, jumbo loans are considered slightly riskier than conventional loans and have always been a little more expensive.

Investors are more willing to buy the debt packaged and sold by Freddie Mac and Fannie Mae, because those mortgages must meet their standards for creditworthiness, making them less risky than “non-conforming” loans that don’t qualify.

Ameristar Mortgage offers the following programs for your jumbo needs:

Contact Ameristar Mortgage for additional information on our Wisconsin and Illinois jumbo programs:

Dennis Hardy
Local: (608) 242-0826 x23
Toll Free: (877) 240-5840
dennis.hardy@ameristarmadison.com
www.AmeristarMadison.com

Visit my blog at http://www.ameristarmadison.com/blog/

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