The housing market rarely waits for perfect conditions. Many buyers sit on the sidelines, hoping for ultra-low rates to return before making a move. However, holding out for a specific number is often costly.
Benefit Title Services knows that real estate moves forward regardless of wishful thinking, and waiting indefinitely can mean missing out on significant equity growth. Read more
When you’re in the market to finance a piece of real estate, the variety of mortgage options available can be overwhelming. Mortgages can be conforming, non-conforming, prime, subprime, adjustable rate, fixed… it’s like you need to learn a whole new vocabulary just to figure it all out!
How Much is a Jumbo Loan in Hillsborough County?
However, a jumbo loan, or jumbo mortgage, is pretty straightforward. If you imagine a jumbo loan is simply a loan for an extra large amount of money, then you’d be right! In most areas of the United States in 2022, including Tampa Bay, a jumbo mortgage is any mortgage that exceeds $647,200. The only area of Florida where a conventional mortgage can exceed this limit is Monroe County (home of the Florida Keys). Read more
