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My Home Loan Strategy

My Home Loan Strategy

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    • Adjustable Rate Mortgages
    • Conforming Loans
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Conforming Loans

Conforming Loans

Conforming Loan Services

With the range of different loan types available, we understand the process can be a bit overwhelming. Add industry-speak language, such as conforming, non-conforming, super-conforming, jumbo loans, and you may feel your head begin to spin.

It’s easy to feel confused by the different types of loans and get lost in terminology. That’s why your BOE Mortgage lending team will fully explain the range of available loan types, terms and programs that you qualify for so that you can make an educated decision on what’s financially best for you and your situation. We are here to guide you through this process…efficiently and professionally.

Conforming Loans

A conforming loan is a type of mortgage loan that conforms to very specific lending terms, conditions, and guidelines established by government-sponsored enterprises:

  • Federal National Mortgage Association (Fannie Mae)
  • Federal Home Loan Mortgage Corporation (Freddie Mac)

Conforming loan programs have loan limits that are set by county in each state. Currently, a conforming loan maximum on a single-family home must fall under $424,100 unless the property is in high-cost County as determined by FNMA and Freddie Mac. In these high cost counties, the loan amount can be as much as $625,500 for 1 unit properties and still be sold to FNMA or Freddie Mac. Loan limits for 2-4 unit properties can exceed $1M in some counties. Learn more about loan limits here.

Mortgage loans that exceed the county loan limit are considered non-conforming loans or jumbo loans and are not sold to FNMA or Freddie Mac. Typically, this financing is provided directly through banks and other financial institutions. Luckily, BOE Mortgage has many lender relationships that provide jumbo financing. We are able to provide financing.

Jumbo loans are not that much different to process than a normal loan. This text makes getting one sound terrible and it’s not accurate. The loans are a manual underwrite but the fees and documentation requirements are the same as a normal loan. Also, you cannot get mortgage insurance on a non-conforming/jumbo loan. Mortgage insurance only applies to conforming loans that are sold to FNMA or Freddie.

When a Conforming Loan Makes Sense to You

People get a conventional conforming loan when they have good credit and at least 3% down. Between FHA and a Conventional loan, the mortgage insurance is a lot less expensive on a conventional loan than if they choose FHA.

The overall cost of your mortgage loan is generally dictated by the amount of money you put down toward the purchase price of your home and your credit score.

Rest assured, your BOE Mortgage lending team is knowledgeable about the Fannie Mae and Freddie Mac requirements and how your loan fits in the mix.

Your BOE Mortgage loan officer will help you find the conforming mortgage loan that best fits your situation, and your perfect house.

At BOE Mortgage, you get one mortgage originator, one lender relationship, because we don’t believe in your having to re-explain your situation on every call.

When you’ve found the home of your dreams, turn to BOE Mortgage for the loan that makes your dream come true.

*All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Guidelines subject to change.

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Bank of England
17250 Dallas Parkway
Dallas, TX 75248
Bank of England Mortgage is a division of
Bank of England. NMS 418481.
Member FDIC

Equal Housing Lender

Deborah Byrd
Mortgage Advisor
NMLS# 1043719
214-717-3483
DeborahByrd@BOEmortgage.com

Voted Best Mortgage Professional 3 Years Running

Five-Star Professional

CDLP Certified Divorce Lending Professional

Contact:

DeborahByrd@BOEmortgage.com
(214)717-3483
DeborahByrd@BOEtexas.com
17250 Dallas Parkway, Dallas, TX 75248

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Bank of England Mortgage has tried to provide accurate and timely information; however, the content of this site may not be accurate, complete or current and may include technical inaccuracies or typographical errors. From time to time changes may be made to the content of this site without notice. Bank of England Mortgage may change the products, services, and any other information described on this site at any time. The information published on this site is provided as a convenience to visitors and is for informational purposes only. You should verify all information before relying on it and decisions based on information contained in our site are your sole responsibility. If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at (214) 396-6450. This contact information is for accommodation requests only.


Bank of England Mortgage is a division of Bank of England and is not affiliated with any government agency. NMLS 418481. Member FDIC.

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