Banks can offer bigger jumbo loans in 2021—but will buyers be able to get them?

… At first glance the news that the Federal Housing Finance Agency raised loan … $822375 up from $765600 in 2020appears to be good for New Yorkers who rely on larger loans to buy in this expensive … vice president and loan officer at  National Cooperative Bank  a Brick Underground sponsor There may have been …

By Jennifer White Karp |December 3, 2020 - 12:30PM
Banks want buyers to fork over larger down payments. Here are some workarounds

… example opening new or closing current lines of credit  Scepanovic says her  mortgage partners are … Brick Underground sponsor say they have not changed their underwriting criteria  We require a 20 down payment for coop … economy  she points out no one knows which direction the real estate market is headed  Make the minimum amount of …

By Emily Myers |November 12, 2020 - 9:30AM