I want to refinance a house but it's not worth it unless I can get a "conforming jumbo" mortgage instead of a "jumbo". Where can I find out if my area qualifies? Is there a published set of maps, or zip code information? This seems like such an obvious question, yet several searches have turned up nothing, almost as if this is embargoed information of some sort.How can I find out if my town qualifies as a "high-cost" area for "conforming jumbo" interest rates?
High cost areas are listed mostly by FHA standards as to what the maximum they will lend in a area based on the high and low cost of homes in any one area.
To find out if you reside in a high cost area you should google high mortgage areas. This will bring you to a site that will guide you to a site by adding your zip code which will indicate if you are in a high cost area or not.
I hope this has been of some benefit to you, good luck.
"FIGHT ON"How can I find out if my town qualifies as a "high-cost" area for "conforming jumbo" interest rates?
I may be wrong, but I thought the conforming jumbo expansion program had expired, which may be the reason you are having difficulty finding the information.How can I find out if my town qualifies as a "high-cost" area for "conforming jumbo" interest rates?
All of the local lenders will know what they qualify for, just give yoru bank a call,
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