Jumbo Loans

Jumbo loans are generally mortgages with loan amounts over the loan amount limits of Fannie Mae and Freddie Mac. Jumbo loans may be held in the loan portfolio of a financial institution or collateralized as part of a mortgage backed security. As such, each jumbo loan program has it's own set of loan guidelines. Generally jumbo loan guidelines are similar to conforming loans but each loan program will have their own differences.


There are hundreds of jumbo loan programs offering fixed rates and fixed terms, adjustable rates, and hybrids. Sometimes the key feature of the loan is a twist on the required documentation or downpayment requirements. There are so many options your best guide will be a really good licensed loan officer. Home Mortgage home page