What You Need to Know: Jumbo Loans

Are you looking to buy a bigger home? If you are looking to make the move a jumbo mortgage might be right for you.

A jumbo mortgage is a home loan with an amount that exceeds conforming loan limits set by the Office of Federal Housing Enterprise Oversight (OFHEO) or better known as Fannie Mae and Freddie Mac. Currently, the loan limit is $417,000 in most parts of the United States, but can increase to $625,500 in the higher cost areas. OFHEO sets the conforming loan limit size on an annual basis.

Jumbo loans have slightly higher interest rates because they carry more credit risk.

Single-Family – 4 Flower Hill Dr Worcester, MA 01609 now has a new price of $449,000!

NEW PRICE!! Salisbury St. 1.75 Private Acres!..Incredible Remodeled Contemporary Cape.. Open Floor Plan with a “Wall of Glass” allowing a view of the beautiful backyard with a Pond..Relaxing to enjoy in the Summer, and fun for skating in the Winter..The updated Kitchen has Cherry Cabinets, Granite Counters, and Stainless Steel appliances.. It opens to a lovely 3 Season Room..The Fireplaced Family Room is open to the Kitchen and Formal Dining Room making this a wonderful home for entertaining..Plenty of parking for your guests; 12-14 Spaces!..The First Floor also offers a Den or Office..A few steps up is the Master Suite. It has 2 large picture windows with a view of the backyard, New Wall to Wall Carpeting, a Full Bath with a Vanity Area and a Walk-In Closet.. An Additional Full Bath is nearby, and a few steps up to two Bedrooms…Not enough space?..There is a Play Room and Game Room in the Lower Level..This unique home has a 2 Car Garage, New Central A/C, Central Vac & Security

This is a Cape/Contemporary style home and features 8 total rooms, 2 full baths, 2 half baths, 3 bedrooms, 1.75 Acres, and is currently available for $449,000.

For complete details click here.

Video Tour – Single-Family Home – Worcester, MA 01602 Real Estate – For Sale

Beautiful, inside and out.! Natural Woodwork and Custom Hardwood Flooring throughout most of this impeccably maintained home.. It sits on a Level, Corner, Double Lot which may be subdivided.!!. The updated Kitchen has Maple Cabinets, Corian Counters, a Breakfast Bar, and a large Walk-In Pantry/Utility Room..The Large Living Room has a Fireplace, and French Doors that open to the Heated Sun Room with access to the backyard.. The Formal Dining Room has Chair Rail and Hardwood Flooring.. The Second Level has a Large Master Bedroom with Dual Closets, 2 additional Bedrooms, a Built-In Linen Closet and drawers, a Full Bath with a Tiled Shower and Walls, and a Walk-In Utility Closet.. The Third Level has a Full Bathroom , a Bedroom with a closet and a possible 5th Bedroom.. Palladian Windows in both Rooms..REPLACEMENT WINDOWS THROUGHOUT!..! 2 Car Garage!! Walk to Stores, Bank, etc.

More Info on this Property | New Listing Alerts

Single-Family – 11 Olean St S Worcester, MA 01602 is now new to the market!

Beautiful, inside and out.! Natural Woodwork and Custom Hardwood Flooring throughout most of this impeccably maintained home.. It sits on a Level, Corner, Double Lot which may be subdivided.!!. The updated Kitchen has Maple Cabinets, Corian Counters, a Breakfast Bar, and a large Walk-In Pantry/Utility Room..The Large Living Room has a Fireplace, and French Doors that open to the Heated Sun Room with access to the backyard.. The Formal Dining Room has Chair Rail and Hardwood Flooring.. The Second Level has a Large Master Bedroom with Dual Closets, 2 additional Bedrooms, a Built-In Linen Closet and drawers, a Full Bath with a Tiled Shower and Walls, and a Walk-In Utility Closet.. The Third Level has a Full Bathroom , a Bedroom with a closet and a possible 5th Bedroom.. Palladian Windows in both Rooms..REPLACEMENT WINDOWS THROUGHOUT!..! 2 Car Garage!! Walk to Stores, Bank, etc.

This is a Colonial style home and features 8 total rooms, 2 full baths, 1 half bath, 4 bedrooms, 0.30 Acres, and is currently available for $349,500.

For complete details click here.