what will happen to loan over 625k in high price area like CA?

if somone buys a 1m home with 200k down, how does the buyer to get 800k loan in current market? I am just curious. 30 yrs loan is capped at 625k, what would this kind of folks do to  get 800k loan? Similarly, how to refinance a 800k loan assuming LTV is ok?

split the 800k loan to two loans?

所有跟帖： 

• Many lenders do jumbo loans. 629K limit is only for -喜狼狼- ♂ (25 bytes) () 10/24/2011 postreply 10:04:52

• Just wait a little bit -CALoanAgent- ♂ (260 bytes) () 10/24/2011 postreply 13:00:09

• Does it include "buy a $500K or above house to get a green card -re8888- ♂ (0 bytes) () 10/24/2011 postreply 15:01:41

• those buyers will not need loans. -CALoanAgent- ♂ (0 bytes) () 10/24/2011 postreply 17:13:57

• 回复：what will happen to loan over 625k in high price area like CA -ZhangZhouDaTou- ♀ (234 bytes) () 10/24/2011 postreply 21:46:06