Jumbo Home Loans
When you need a loan, you are not alone!TM
When Larger Amounts of Financing is Needed
A Jumbo loan, also known as a Jumbo Mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA). It is essentially a loan that allows a borrower to purchase or refinance a high value property.
Unlike conventional mortgages, a Jumbo loan is not eligible to be purchased, guaranteed, or securitized by Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation). Jumbo mortgage loans come with unique underwriting requirements and tax implications.
For the qualified borrower, there are a variety of products to choose from.