Question

 Definition of a Jumbo Mortgage Loan?

Answer In America, HUD (U.S. Department of Housing and Urban Development) Fannie Mae, and Freddie Mac (the nation's two largest federally sponsored mortgage lenders) classify the majority of mortgages. In... Read More »
http://www.ehow.com/about_6569303_definition-jumbo-mortgage-loan.html

Top Q&A For: Definition of a Jumbo Mortgage Loan

How to Get a Jumbo Mortgage Loan?

In the United States, a jumbo mortgage is a mortgage with a loan amount above conventional conforming loan limits. This standard is set by the two government-sponsored enterprises Fannie Mae and Fr... Read More »
http://www.wikihow.com/Get-a-Jumbo-Mortgage-Loan

What is a jumbo mortgage loan?

A jumbo mortgage loan is a mortgage that exceeds the limit set by Fannie Mae. Fannie Mae is a government organization that guarantees mortgages.SizeThe conforming loan limit is adjusted each year b... Read More »
http://www.answerbag.com/q_view/1959929

What is a jumbo mortgage loan amount?

A mortgage is a loan used to purchase a home. A jumbo mortgage loan is a mortgage that exceeds the conforming loan limits set by Fannie Mae, a government organization that backs mortgages.FunctionW... Read More »
http://www.answerbag.com/q_view/1972524

What is the meaning of a jumbo mortgage loan?

The federal government backs up many mortgages. It sets limits on the dollar amount it will guarantee for a standard mortgage, which was $417,000, as of 2010. Loans larger than this are called jumb... Read More »
http://www.answerbag.com/q_view/1970813


feedback
loading