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Home › Forums › Housing › high balance loan limit expiration effects (esp NCC) › UCGal wrote: The jumbo (above

September 20, 2011 at 1:53 PM #729545
an
Participant

[quote=UCGal]
The jumbo (above 625,500) at sdccu require 25% down. That is going to be a barrier to some folks. 70% LTV if it’s a cash out refi.

The conforming “high balance”(625,500 to 417,001) goes up to a LTV of 95%.

I think the down payment requirements are going to have a much bigger effect than the rates. The rates are super low across the board.[/quote]
But, according to DomoArigato, only 12.5% of buyers in NCC have < 20% down. Which I would have to guess the other 87.5% have at least 20% down. How many only have 20% down and how many only put down 20% because that's how much the bank wants to get the best rate? I have no data behind this, but I suspect most of the 87% have 25%+ but only put down 20% and keep the cash for other investments.