In parts of Texas, the luxury real-estate market is hotter than a billy goat in a pepper patch. Median home prices appreciated as much as around 10% from late 2013 to late 2014 in the state’s top.
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With home prices continuing to rise without any relief in sight, more lenders are beginning to offer new jumbo mortgage products in an attempt to keep up with those rising prices. Now, Caliber Home.
You can therefore use the jumbo home loan to buy your luxury home in Texas. Nonetheless, you will need to meet the strict guidelines that the loan requires, owing to the large amount of cash that it.