Why top real estate producers rely on Keith Brown

"Keith Brown is the Fairfax mortgage lender I've counted on for years. His pre-approvals stick, he uses local appraisers, and his loans close on time." Learn more »

Why homebuyers trust Keith Brown

"Keith Brown got us a great rate on the right type of loan. When there was an underwriting issue, he solved it so we closed on time with no surprises." Learn more »

Call Keith at 703-449-6821 or GET STARTED TODAY!

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Which type of home loan or refinance is right for you?

How much mortgage can you afford? Are you eligible for a VA or FHA loan? What type of conventional mortgage programs might answer your needs? Are 5-7 year ARMs worth considering? What is a jumbo mortgage and what rate differences apply? How can I reduce or work around expensive Mortgage Insurance with a downpayment of less than 20%.

To find the right answers, Keith Brown looks at your credit, income, debt and how long you plan on being in your home.  He can then draw on the direct-lending resources of Intercoastal Mortgage to secure you the best rates and terms. You end up with a mortgage that’s the best fit for your budget and your plans for the future.

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Jumbo/Non Conforming loans

A Jumbo Loan (also called a Non-Conforming Loan) is any loan that is not backed by Fannie Mae and Freddie Mac.  Typically Jumbo Loans are loan amounts over the Fannie Mae/Freddie Mac Conforming limit of $679,650 - although you can get a Jumbo Loan for any loan amount over $453,100.  

For borrowers with high credit scores, Jumbo Loans may actually have cheaper rates on Conforming loans over $453,100.  Jumbo ARMs in particular are considerably cheaper on loans over $453,100 when compared to Fannie Mae/Freddie Mac Conforming ARMs.  

The negative on Jumbo loans is that they are harder to qualify for.  You generally need credit scores over 720 and you need very strong cash reserves left over after closing.  Jumbo loans also have additional restrictions for First Time Homebuyers - something conforming loans do not have.  The key thing is, if considering Jumbo Financing, to get conditionally approved upfront to ensure your qualifying and determine the best program for you.