Welcome to The McDonald Mortgage Team at Carbon Capital, I'm Jeremy McDonald, your Jacksonville home loan expert dedicated to making sure your home purchase or refinance experience is top-notch. All mortgage rates displayed are provided by Zillow based on borrowers with credit scores between 680-740 and represent averages and trends. Please consult with Jeremy McDonald to receive a personalized rate for your specific situation.
I am so happy today to be a proud home owner with the help of Jeremy and his team after being turned down by two other company. They worked with me and pulled out all the stops to make sure I get qualified for the loan. They are amazing team, they help me alot and they was whit my in my process to buy my house. God bles you guys you are amazing team recommended 100%.
Jeremy and his team were absolutely fantastic! They went above and beyond at every step in the process. I was a first-time home-buyer, doing everything on my own and worried about not only my eligibility but the entire process.
I am so happy today to be a proud home owner with the help of Jeremy and his team after being turned down by two other company. They worked with me and pulled out all the stops to make sure I get qualified for the loan. They are amazing team, they help me alot and they was whit my in my process to buy my house. God bles you guys you are amazing team recommended 100%.
Jeremy and his team were absolutely fantastic! They went above and beyond at every step in the process. I was a first-time home-buyer, doing everything on my own and worried about not only my eligibility but the entire process.
Services
With over 15 years of Retail Mortgage and Commercial Financing experience Jeremy and The McDonald Team have helped more than 1,400 families realize the dream of home ownership.
Jeremy's personal origination experience and hands on approach has allowed him to build Relationships and a Network of North Florida's premier Real Estate Industry Experts.
Jeremy is a USA Cares Certified Military Housing Specialist and as an Air Force Father he has a special desire to help Active Duty Service Members and Veterans get the absolute best mortgage possible.
Jeremy's personal origination experience and hands on approach has allowed him to build Relationships and a Network of North Florida's premier Real Estate Industry Experts.
Jeremy is a USA Cares Certified Military Housing Specialist and as an Air Force Father he has a special desire to help Active Duty Service Members and Veterans get the absolute best mortgage possible.
A conventional mortgage refers to a loan that is not insured or guaranteed by the federal government.
A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac.
It may have either a fixed or adjustable rate.
The maximum limit for a conforming loan depends on the county and state you live in.
Conventional loans can be either Fixed or an adjustable rate.
Fixed-rate mortgages have a set interest rate for the entire length of the mortgage term which can be between 10 and 30 years.
A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac.
It may have either a fixed or adjustable rate.
The maximum limit for a conforming loan depends on the county and state you live in.
Conventional loans can be either Fixed or an adjustable rate.
Fixed-rate mortgages have a set interest rate for the entire length of the mortgage term which can be between 10 and 30 years.
The FHA (Federal Housing Administration) home loan is one of several government-insured loans.
The FHA doesn't lend money directly to home buyers; they insure lenders against losses that may occur from client default.
Because of this, lenders have less strict requirements for borrowers.
One of the features borrowers enjoy the most is the low minimum down payment, which is typically less than the requirements for a conventional loan.
Additionally, your closing costs may be lower than a conventional loan.
The FHA doesn't lend money directly to home buyers; they insure lenders against losses that may occur from client default.
Because of this, lenders have less strict requirements for borrowers.
One of the features borrowers enjoy the most is the low minimum down payment, which is typically less than the requirements for a conventional loan.
Additionally, your closing costs may be lower than a conventional loan.
Fixed-rate mortgages are probably the most common type of mortgage.
You are able to lock into a set interest rate which results in monthly mortgage payments that remain the same for the entire life of the loan.
A fixed-rate mortgage (FRM) is a type of mortgage with a specific rate term.
A fixed-rate mortgage has a fixed interest rate for the entire length of the mortgage term.
These mortgages are typically available in 5 year increments between 10 and 30 year terms.
The 30-year fixed rate mortgage is the most common type of mortgage people take out.
You are able to lock into a set interest rate which results in monthly mortgage payments that remain the same for the entire life of the loan.
A fixed-rate mortgage (FRM) is a type of mortgage with a specific rate term.
A fixed-rate mortgage has a fixed interest rate for the entire length of the mortgage term.
These mortgages are typically available in 5 year increments between 10 and 30 year terms.
The 30-year fixed rate mortgage is the most common type of mortgage people take out.
If you're looking to buy an expensive home and need a large loan amount, a Jumbo Mortgage could be the right option for you.
Jumbo Mortgages exceed the conforming limit on loans set by Fannie Mae and Freddie Mac.
In most states, the conforming limit is around $453,100, but varies by location.
Other areas that are specified to have a higher cost of living have a higher conforming limit of about $679,650.
If you are looking to purchase a home and would like a loan amount greater than the conforming limit for your area, it's likely that you will want to apply for a Jumbo Mortgage.
Jumbo Mortgages exceed the conforming limit on loans set by Fannie Mae and Freddie Mac.
In most states, the conforming limit is around $453,100, but varies by location.
Other areas that are specified to have a higher cost of living have a higher conforming limit of about $679,650.
If you are looking to purchase a home and would like a loan amount greater than the conforming limit for your area, it's likely that you will want to apply for a Jumbo Mortgage.
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