What You Need to Know About Jumbo Loans

In addition to government and traditional home loans, we at Pacific Union Financial also offer what’s known as a Jumbo loan, or a Jumbo mortgage. These are mortgages that exceed the limits set by Fannie Mae and Freddie Mac, which is currently $424,100 in most markets. Pacific Union Financial offers Jumbo loans up to $3…

What is Private Mortgage Insurance and How Can It Help You?

Depending on the type of loan and other factors, Private Mortgage Insurance (PMI) is something mortgage lenders generally require if you make a down payment that’s less than 20% of the cost of your home. Why? Because it protects the lender in case something happens and you default on your home loan. Private Mortgage Insurance…

Can You Get a Home Loan with Bruised Credit?

Many people view home ownership as something that is out of reach, whether it’s due to their financial situation, their inability to afford a down payment, or their challenged credit score. But the truth is that home ownership can be a much more viable option than you might believe, even if you have bruised credit….