A:
15 Answers
rank
1
|
A Jumbo loan is any loan amount that is higher than the conforming loan limits set by Fannie Mae and Freddie Mac--typically a $380,001 loan amount or higher for a single family residence.
more
|
Related Videos
rank
2
|
A jumbo loan, also known as a non-conforming loan, is a loan for an amount greater than the conforming loan limit. Thus, for most of the Portland area that would be a loan greater than $417,000.
more
|
jmaproperties.com
rank
3
|
A jumbo loan is a mortgage that exceeds the maximum loan amount established by Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac). Jumbo loans are also referred to as "non-conforming" loans.
more
|
statefarm.com
2 more sources
-
pchloans.com
-
thejeremiahteam.com
rank
4
rank
5
|
Jumbo loans are mortgages that exceed the maximum loan amount established by the Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC). Currently, any loan over $417,000 for a single-family residence, is considered a jumbo.
more
|
brycofunding.com
rank
6
rank
7
|
Conventional Jumbo Loans are defined by the Federal Housing Administration (FHA) on a per county basis. Historically a jumbo loan has been defined as any residential mortgage with a loan amount over $406,000 but recently the FHA has been using the median income in each county to determine the jumbo amount.
more
|
wnfunding.com
rank
8
|
A conventional loan that exceeds the maximum agency (Fannie Mae, Freddie Mac) mortgage loan amount guidelines for a conventional loan. 12.
more
|
xl-financial.com
rank
9
rank
10
|
Jumbo loans are mortgages over the conforming industry standard, currently starting at $417,000 and may be higher in some geographical areas. These loans are bought and sold on a smaller scale. They often carry a larger credit risk for the lender so the interest rate is typically higher than a conforming loan that is under the conforming loan limit.
more
|
sites.wachovia.com
Add your answer...
Top Related Experts
1.
2.
4.
5.
Top Answerers
1.
2.
3.
Top Askers
1.
2.
3.
Top Supporters
1.
2.
3.
What is a Jumbo Loan?
Related Questions
- A mortgage that exceeds eligible conforming loan limits (currently $417,000) is a jumbo loan. The interest ...
- Currently, a jumbo mortgage is a mortgage loan that exceeds $417,000. A loan that exceeds $417,000 is ...
- • To disable the reconnect network drives failure warning: Use a registry editing tool to navigate to the ...
- If you get three baloons on one character during combat, the character flies away and will be unusable during ...
- A jumbo ARM loan is a mortgage that does not meet the conforming loan limits set by the Federal Housing ...