Jumbo Loans Easier to Obtain in 2014

In the last couple of years jumbo loans have taken a hit in  the housing market. A recent article by Realtor Magazine is showing statistic jumbo loans hitting their highest market since 2007. Some lenders are not longer requiring the high down payments and are starting to provide jumbo loans to consumers for as low as 5 percent down. Nationally and locally this is going to help with the continued improvement of the real estate market.

The Lake of the Ozarks is already experiencing the jumbo loans increase. The homes that were sold in 2013 were composed of a significant higher volume as compared to the homes sold in 2012 with the home over sold over 1 million but in volume by more that 150% over 2012. Based on the numbers from 2013 and the activity the Lake area is already experiencing in the new year, 2014 real estate market is going to continue to improve and volume is going to go right along with it. Everyone in the real estate market and the lending market is more than excited to see what the real estate market is going to have in store for us here at the Lake of the Ozarks. To search all Lake area properties, click the link below to my website.


To read more on this article, click the link below:
http://realtormag.realtor.org/daily-news/2014/01/02/lower-down-payment-requirements-for-jumbo-loans?om_rid=AAJykL&om_mid=_BSxcVGB83eCo3e&om_ntype=RMODaily

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