Home » Short Takes: Borrowers Seek Higher Loan Amounts / Home Improvement Loans from Marketplace Lenders / Prepayment Penalties on Jumbo Mortgages / VA Loan Mod Update
Short Takes: Borrowers Seek Higher Loan Amounts / Home Improvement Loans from Marketplace Lenders / Prepayment Penalties on Jumbo Mortgages / VA Loan Mod Update
On loan applications for 30-year fixed-rate conventional mortgages received in June 2016, the average loan size was $316,000, up from an average of $259,000 in June 2012, according to the Mortgage Bankers Association.