Jumbo Loans

Jumbo Loans:
Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits which are currently max at $453,100 so any loan over this is considered a Jumbo loan. Rates on jumbo loans are typically a little higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes.  There are ways to buy more expensive homes and secure two loans to keep the first one under the Conventional conforming limit and even have no Private Mortgage insurance so please call us for details.