If you have a higher property value and can manage larger monthly mortgage payments, consider a jumbo, or non-conforming, loan. A jumbo loan provides financing for loan amounts higher than the maximum conforming limits set by Fannie Mae and Freddie Mac.
Features
- A “non-conforming” loan with mortgage amounts above the maximum conforming loan limits.
- Available in a variety of fixed-rate and adjustable-rate loan options.
Benefits
- Obtain financing for loan amounts higher than the Fannie Mae and Freddie Mac conforming limits.
- Get the convenience of one loan for the entire loan amount.
- Choose from a variety of loan options.
- Access additional potential benefits through our Private Mortgage Banking (PMB) group.
Considerations
- Generally, the minimum jumbo loan amount is greater than the conforming loan limit set each year by federal regulators and the maximum jumbo loan amount varies between lenders.
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