Austin Jumbo Loan Mortgage Blog 
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 For the calendar year 2008, a Jumbo loan is a residential mortgage where the amount loaned to purchase or refinance a home exceeds $417,000. Each year the loan limits are adjusted to meet current market conditions. These Jumbo loans are also called nonconforming loans because the loan amount exceeds Fannie Mae and Freddy Mac’s underwriting guidelines. The Jumbo loan limit in 2008 is the same as it was in 2006. |
Welcome to JumboMortgageAustin.com We have access to both in-house and broker relationship jumbo products. Below is a brief list of products. Information below is based off 740 plus credit scores, 20% down and 1M sales price 30 Year Fixed - The best current rates are high 4's low 5's 7 year ARM - The best current rates are in the mid to low 3's 5 year ARM - The current best rate are low to mid 3's Up to 5 M - email or call for details Cashout - Up to 1M cash in hand. Most lenders place a much lower cap Asset based income calculations - Example you don't work but have 4M in assets Up to 90% LTV with no mortgage insurance - Great product with minimal down payment
60 Second Online ApplicationJosh Kohl NMLS #226972 AmCap Mortgage, LTD NMLS #129122 8920 Business Park #200 Austin, TX 78759
TEXAS MORTGAGE BANKER DISCLOSURE
PURSUANT TO THE REQUIREMENTS OF SECTION 157.007 OF THE MORTGAGE BANKER REGISTRATION AND RESIDENTIAL MORTGAGE LOAN ORIGINATOR ACT, CHAPTER 157, TEXAS FINANCE CODE, YOU ARE HEREBY NOTIFIED OF THE FOLLOWING:
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE, SIGN AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE DOWNLOADED AND PRINTED FROM THE DEPARTMENT'S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF MORTGAGE BANKERS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT'S WEBSITE AT WWW.SML.TEXAS.GOV. Equal housing opportunity symbol
Information regarding these requirements can be found here: Texas Finance Code Chapter 157 and subchapter 81.7 Required Disclosures and 81.9 Advertising, see details below. For your convenience here it is our web link to the rules:
<http://info.sos.state.tx.us/pls/pub/readtac$ext.ViewTAC?tac_view=4&ti=7&pt=4&ch=81>
http://info.sos.state.tx.us/pls/pub/readtac$ext.ViewTAC?tac_view=4&ti=7&pt=4 &ch=81 then go to Subchapter B, then Rule 81.7 Required Disclosures and/or 81.9 Advertising.” |
  
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Josh Kohl, whose license number is 57312 IS LICENSED UNDER THE LAWS OF THE STATE OF TEXAS AND BY STATE LAW IS SUBJECT TO REGULATORY OVERSIGHT BY THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING. ANY CONSUMER WISHING TO FILE A COMPLAINT FORM TO THE TEXAS SAVINGS AND LOAN DEPARTMENT, 2601 NORTH LAMAR, SUITE 201, Austin, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MY BE DOWNLOADED AND PRINTED FROM THE DEPARTMENT’S WEB SITE LOCATED AT WWW.SML.STATE .TX.US OR OBTAINED FROM THE DEPARTMENT UPON REQUEST BY MAIL AT THE ADDRESS ABOVE, BY TELEPHONE AT ITS TOLL-FREE CONSUMER HOTLINE AT 1-877-276-5550, BY FAX AT (512) 475-1360, OR BY E-MAIL AT SMLINFO@SML.STATE.TX.US