Jumbo Loans

A jumbo loan is a loan in which the amount borrowed is greater than the loan limit set by Fannie Mae (FNMA) & Freddie Mac (FHLMC). A loan amount greater than $484,350, is considered a jumbo loan.

Advantages:

  • Able to finance a home that is over the maximum loan amount of $417,000 established by Fannie Mae and Freddie Mac
  • Enables a borrower to purchase “more house”

BACK