Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits.
Rates on jumbo loans are typically higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes. Typically Jumbo Loans require a higher down payment than traditional loans.
The above statement is for information only and/or subject to change at any time without notice due to the changing market conditions. Actual products and programs available to you may vary based upon a number of factors including your credit rating, asset, income and other qualifications.