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jumbo loan logic
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| // This is extremely un-DRY pseudo code | |
| $( loan_amount, loan_type ).on('change', function(){ | |
| // Jumbo loans | |
| if ( loan_type == 'conf' && loan_amount >= $417,000 ) { | |
| $( county_dropdown ).show(); | |
| $( county_dropdown ).on('change', function(){ | |
| max_gse_loan_amount_for_selected_county = $( county_dropdown ).val().data('gse'); | |
| if ( loan_amount <= max_gse_loan_amount_for_selected_county ) { | |
| $( loan_type ).val('agency'); // Conforming Jumbo | |
| $( message ).text('When you borrow between $417,000 and X in your county, you are eligible for a conforming jumbo loan.'); | |
| return; | |
| } | |
| if ( loan_amount > max_gse_loan_amount_for_selected_county ) { | |
| $( loan_type ).val('jumbo'); // Jumbo | |
| $( message ).text('When you borrow more than X in your county, the only loan type available to you is a jumbo (non-conforming) loan.'); | |
| return; | |
| } | |
| }); | |
| } | |
| // FHA jumbo loans | |
| if ( loan_type == 'fha' && loan_amount >= $271,050 ) { | |
| $( county_dropdown ).show(); | |
| $( county_dropdown ).on('change', function(){ | |
| max_gse_loan_amount_for_selected_county = $( county_dropdown ).val().data('gse'); | |
| max_fha_loan_amount_for_selected_county = $( county_dropdown ).val().data('fha'); | |
| if ( loan_amount <= max_fha_loan_amount_for_selected_county ) { | |
| $( loan_type ).val('fha-hb'); | |
| $( message ).text('When you borrow between $271,050 and X in your county, you are eligible for a high-balance FHA loan.'); | |
| return; | |
| } | |
| if ( loan_amount > max_fha_loan_amount_for_selected_county && loan_amount <= $417,000 ) { | |
| $( loan_type ).val('conf'); | |
| $( message ).text('You are not eligible for an FHA loan when you borrow more than X in your county. You are eligible for a conventional loan.'); | |
| return; | |
| } | |
| if ( loan_amount > $417,000 && loan_amount <= max_gse_loan_amount_for_selected_county ) { | |
| $( loan_type ).val('agency'); | |
| $( message ).text('You are not eligible for an FHA loan when you borrow more than X in your county. You are eligible for a conforming jumbo loan.'); | |
| return; | |
| } | |
| if ( loan_amount > $417,000 && loan_amount > max_gse_loan_amount_for_selected_county ) { | |
| $( loan_type ).val('jumbo'); | |
| $( message ).text('You are not eligible for an FHA loan when you borrow more than X in your county. The only loan type available to you at this loan amount is a jumbo (non-conforming) loan.'); | |
| return; | |
| } | |
| }); | |
| } | |
| // VA jumbo loans | |
| if ( loan_type == 'va' && loan_amount >= $417,000 ) { | |
| $( county_dropdown ).show(); | |
| $( message ).text('Based on your loan amount, you may not be eligible for a regular VA loan. Please enter your county so we can find the right loan type for you and get you the most accurate rates.'); | |
| $( county_dropdown ).on('change', function(){ | |
| max_gse_loan_amount_for_selected_county = $( county_dropdown ).val().data('gse'); | |
| max_va_loan_amount_for_selected_county = $( county_dropdown ).val().data('va'); | |
| if ( loan_amount > $417,000 && loan_amount < max_va_loan_amount_for_selected_county ) { | |
| $( loan_type ).val('va-hb'); | |
| $( message ).text('When you borrow between $417,000 and X your county, you may be eligible for a high-balance VA loan.'); | |
| return; | |
| } | |
| if ( loan_amount > max_va_loan_amount_for_selected_county && loan_amount < max_gse_loan_amount_for_selected_county ) { | |
| $( loan_type ).val('agency'); | |
| $( message ).text('While VA loans do not have strict loan limits, most lenders are unlikely to make a VA loan more than X in your county. Your only option may be a conforming jumbo loan.'); | |
| return; | |
| } | |
| if ( loan_amount > max_gse_loan_amount_for_selected_county ) { | |
| $( loan_type ).val('jumbo'); | |
| $( message ).text('While VA loans do not have strict loan limits, most lenders are unlikely to make a VA loan more than X in your county. Your only option may be a jumbo (non-conforming) loan.'); | |
| return; | |
| } | |
| }); | |
| } | |
| }); |
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@ascott1 here's the logic for jumbo loans. I'll modularize the code that currently exists and move it into a separate file.