Business & Tech
USA Today: Upscale Home Sales Lag as Jumbo Loans Hard to Get
Investor Savings Bank is one of the few places still offering the loans.
The sale of homes that cost at least $730,000 has dropped nationally because it's hard to secure the loan necessary for one, according to a USA Today report.
Investor Savings Bank, which is based in Millburn-Short Hills, however, is one of the banks that still offer the type of loan required for the purchase, according to the report. The type of loan can require a 20-30 percent down payment.
Read the full report: Upscale home sales lag as jumbo loans are hard to get
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