South Tampa Real Estate Report
South Tampa Real Estate Market Report | 07/05/20 - 07/11/20
As the price of South Tampa real estate continues to rise, the ability of buyers to obtain jumbo loans (greater than $510,400) becomes increasingly important. Well-heeled borrowers won't have many issues securing a jumbo loan, but those stretching their financial limits may find it a bit more challenging. It's all about the element of risk to the lender...higher risk = higher rate and more scrutiny of a borrower's finances. Read this article from CNBC for a quick deep-dive into why jumbos can be a bit tricky. Have a great week!
Michael Palermo
