The Ticker
Jumbo loans are coming back in vogue
1/4/13 12:22pm
As the housing market picks up and banks are increasingly willing to lend, more homebuyers are applying for mortgages. That includes jumbo mortgages -- loans above $625,000 in expensive markets like the Bay Area and New York. These loans are too big to be backed by Fannie and Freddie. But to get a jumbo loan you're going to need some very good credit.
