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Jumbo Loans In America

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Currently, Florida ranks second behind California as the nation’s busiest state for jumbo loans. And housing market experts say the driving force behind those loans for luxury homes is the cold winters that residents of the Northeast, Midwest, and even some southern states have been experiencing. Bill Banfield, vice president of Quicken Loans, one of the country’s largest jumbo lenders, says it’s simple: "When you have got people who get cold in the wintertime, they start thinking about places they would rather be. And that places Florida at the top of the list.'' Miami tops the list of Florida housing markets with the highest volume of jumbo loans with a median sales price of $295,000. Next is Cape Coral-Fort Myers at $212,250, North Port-Bradenton-Sarasota

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