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 How much is a jumbo mortgage?

Answer A jumbo mortgage is any mortgage loan or debt that exceeds the conventional loan limit size of $417,000. In Alaska, Guam, Hawaii and the Virgin Islands, that limit is anything above $625,500.Source... Read More »
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Top Q&A For: How much is a jumbo mortgage

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 »
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What is a jumbo mortgage rate?

A jumbo rate is charged to a borrower whose mortgage balance is above the conventional mortgage limit. The conventional mortgage limit is $417,000 for most of the United States.SignificanceA jumbo ... Read More »
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What is the definition of a jumbo mortgage?

When you apply for a mortgage, the amount you are seeking to borrow will determine whether you are able to get a conventional mortgage or if you will need a jumbo mortgage. Jumbo mortgage have high... Read More »
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What constitutes a jumbo mortgage?

A mortgage is a loan used to purchase or construct your home. A jumbo mortgage is a home loan that exceeds the conforming loan limits set by Fannie Mae.Conforming Loan LimitsThe conforming loan lim... Read More »
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