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Category: Jumbo Loans

These re loans that exceed the FHFA’s conventional mortgage financing limits. They generally have higher interest rates and higher down payments than conforming loans. A jumbo loan, or jumbo mortgage, is a home loan for an amount that exceeds the “conforming loan limit” set on mortgages eligible for purchase by Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs) that ultimately buy and administer most single-family-home mortgages in the U.S.

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What is a jumbo mortgage?

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(MODIFY THIS TEXT)   What Is a Jumbo Loan? A jumbo loan, also known as a jumbo mortgage, is a type of financing that exceeds the limits set by the Federal...

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7 types of conventional loans

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(MODIFY THIS TEXT)   Conforming loans WHAT ARE THEY?Conforming loans are the subset of conventional loans that adhere to a list of guidelines issued by Fannie Mae and Freddie...

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