Updated Guidelines for Jumbo Mortgages in Pennsylvania
Guidelines for Jumbo Mortgages in Pennsylvania just had an update that provides for higher loan amounts and lower equity requirements. These products offer low fixed rates, optional escrow and no mortgage insurance for any product, including those with a Loan to Value (LTV) over 80%.
Jumbo loan amounts up to $1 Million, 80% Loan to Value (LTV)
Single Family, 2-Unit, Duplex, Townhome, all up to 80% LTV
Condominiums to $700,000, up to $80% LTV
Jumbo Loan amounts to $1.5 Million, up to 70% LTV
Combos now allowed up to $1 Million @ 85% LTV/CLTV
90% LTV for loan amounts up to $800,000