Hartford County Jumbo Mortgage

March 11, 2010
Matt Isleib

 

The great folks in the State of Connecticut’s capital Hartford and the rest of Hartford County can take advantage of the conforming jumbo mortgage. A conventional mortgage is any loan amount over $417,000 after that the loan is considered a jumbo mortgage.

There are four counties in CT that are designated “high cost” areas. The counties are Hartford, Tolland, Middlesex and Fairfield. These four have a mortgage program available to them called the conforming jumbo or high balance conforming mortgage.

The mortgage rates for a jumbo mortgage are typically three quarters of a percent higher than that of a conventional loan. The conforming jumbo rates are typically a quarter of a percent higher than jumbo rates making it a great deal for mortgage applicants in these counties.

While $417,000 is the limit for conventional loans the conforming jumbo loan limits are:

                Hartford County:     $440,000

                Tolland County:      $440,000

                Middlesex County: $440,000

                Fairfield County:      $708,750

 

Finding great jumbo or conventional mortgage rates is a click away www.EversleyCapital.com