San Diego County Archives - Transparent Mortgage

In the most basic sense, a “jumbo loan” (also known as a “jumbo mortgage”) is exactly what it sounds like. It is a larger-than-usual mortgage loan for borrowers purchasing a more expensive luxury property or in a highly competitive real estate market. It is important to understand what jumbo loans Continue Reading →

2021 Conforming Loan Limits Released by FHFA

On November 24, the Federal Housing Finance Agency (FHFA) announced the new maximum conforming loan limits for mortgages that can be acquired by Fannie Mae and Freddie Mac starting on January 1, 2021. Per the Housing and Economic Recovery Act (HERA) the conforming loan limits are adjusted every year based Continue Reading →

The Challenges of Getting a Jumbo Loan in Today’s Mortgage Market

We’ve been talking a lot on the Transparent Mortgage Blog about how the COVID-19 situation has affected the economy as a whole—and especially the mortgage market. We are in interesting times with home prices continuing to surge because of low inventory while mortgage rates remain historically low. However, the challenge Continue Reading →

Low Mortgage Rates Drive a Flurry of Summer Activity

As the economy slowly recovers after the coronavirus shutdowns, the real estate and mortgage markets have rebounded rapidly. Home buyers are eager to move during this condensed summer market, especially since it’s hard to say if we’ll experience more shutdowns this year as the virus numbers continue to rise again Continue Reading →