Stowe Luxury Homes, Jumbo Loans Are On Rise
September 4, 2012 Leave a comment
The sales of Stowe luxury homes could benefit from the fact that jumbo home loans are on the rise. Volume for jumbo loans is up significantly which means two things: one, people are buying more expensive real estate, and two, lenders are lending. Stowe luxury real estate falls under the category of benefiting from larger loans being more readily available.
A jumbo home loan differs from location to location, being tied to affordability levels in any given area, but typically is for a loan of $650,000 or more. There are many Stowe properties fall into this category. The catch for a jumbo loan is that it is not backed by the federal government and is therefore acquired by a private lender. Rates vary for jumbo loans and are tied to the value of a property and how much is borrowed.
In the second quarter of 2012 65% more jumbo loans were granted compared with a year ago. This is a dramatic increase and speaks volumes for luxury real estate sales. Please contact us today to learn more about buying luxury real estate in Stowe VT. We can help you locate your ideal property and make your vacation home dream become reality.
Click here to read “In Mostly Tepid Housing Recovery, ‘Jumbo’ Home Loans Set Hot Pace” from The Wall Street Journal.
Contact us today to learn more about buying and selling Stowe real estate. Click here for a search of the Stowe MLS and have free access to all Stowe Ski Homes that are currently listed for sale.
Teresa Merelman is a Stowe REALTOR® who understands what is involved with buying and selling Stowe real estate. Understanding the market, as well as the perspectives of buyers and sellers is what makes Teresa such an invaluable real estate professional. Teresa knows Stowe and enjoys helping her clients with all of their Stowe real estate needs. Contact Teresa today for excellent customer service and a wealth of information about buying and selling Stowe real estate.
Stowe Realty/BCK Real Estate now has Vermont Realtors in eight real estate offices in Vermont and if you are looking to buy or sell a home in Barre, Montpelier, Northfield, Waterbury, Rochester, Morrisville, Killington, St. Johnsbury, and Stowe, Vermont. We are your source for Vermont Real Estate. Email us at info@StoweRealty.com. This blog is provided for informational purposes and not intended to take the place of a licensed real estate professional.
You can also contact our individual offices:
BCK Barre VT 86 North Main Street Barre, VT 05641 (802)479-3366
BCK Montpelier 15 State Street Montpelier, VT 05602 (802)229-4242
BCK Northfield 17 East Street Northfield, VT 05663 (802)485-7400
BCK Rochester 42 North Main Street Rochester, VT 05767 (802)767-9900
BCK Killington 1635 VT Route 4 Mendon, VT 05701 (802)775-9003
Stowe Realty/ BCK Real Estate – 254 Mountain Road, Stowe, VT 05672 (802) 253-8484
Quatrini Real Estate 1111 Main Street St. Johnsbury VT 05819 (802) 748-9543
Susan Martin & Co. Realtors 434 Brooklyn Street Morrisville VT 05661 (802) 888-0088