Overview
Jumbo Mortgages Explained
If you're looking to buy a more expensive home, you may need a special type of mortgage. That's where jumbo mortgages come in. Jumbo mortgages allow you to borrow more than conventional loans, and a variety of rates and terms are available so you can select the loan that best meets your goals.
What is a jumbo mortgage?
A conventional mortgage is a loan that "conforms" to the loan limits set by the federal government. A jumbo mortgage is considered a non-conforming loan - a loan that exceeds $766,500. That simply means the loan cannot be purchased or guaranteed by Fannie Mae or Freddie Mac.
To see if a jumbo mortgage is the right fit for you, or to learn what your other options are, call (863) 688-8443 or toll free (855) 915-4663, contact a local mortgage specialist today, or start your mortgage application online.1
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