Understanding Jumbo Loans in Tempe – A Guide for Home Buyers.
1. The Definitive Guide to Securing Gigantic Loans in Tempe for Home Buyers
Frequently Asked Questions
for better readability
To make your writing easier to read and understand, use shorter sentences when possible, choose simpler words where appropriate, and employ a friendly tone.
QWhat are the eligibility criteria to avail a jumbo loan in Tempe?
To be eligible for a jumbo loan in Tempe, you'll need to meet the lender's income and credit requirements. You should have an excellent credit score of 760 or higher, as well as considerable assets and sufficient employment history with job stability. Additionally, most lenders require that your total monthly debt payments are no more than 45% of your gross annual income.
QHow much do home buyers need to pay for closing costs on Jumbo Loans in Tempe?
It depends on the specific loan terms of each home buyer's situation. Generally, closing costs for Jumbo Loans in Tempe can range from several hundred to several thousand dollars, or more depending on a variety of factors like down payment and mortgage rate type.
Tempe Info:
Tempe is a city just east of Phoenix, in Arizona. Its striking Tempe Center for the Arts hosts concerts, dance and comedy shows. Nearby, Tempe Town Lake is dotted with kayaks, pedal boats and paddleboards. Tempe Beach Park hosts outdoor festivals. Rising above the city, Hayden Butte is a mountain dotted with centuries-old rock art. Sporting events and concerts are held at Wells Fargo Arena. ― Google
Weather: 79°F (26°C), Wind S at 5 mph (8 km/h), 18% Humidity More on weather.com
Local time: Saturday 1:15 AM
Population: 184,118 (2021)
Restaurants in Tempe:
Culinary Dropout
Address: 149 S Farmer Ave, Tempe, AZ 85281
Society by Evo
Address: 920 E University Dr #204, Tempe, AZ 85281
Top of the Rock Restaurant
Address: 2000 W Westcourt Way, Tempe, AZ 85282