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 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 considered a jumbo mortgage loan?

There are several types of mortgages available to consumers, with 30- and 15-year fixed rate mortgages and five-year adjustable rate mortgages the most common. One type of uncommon loan is the jumb... Read More »
http://www.answerbag.com/q_view/1951900

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


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