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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

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 in california?

Jumbo loans are used by buyers who want to purchase homes in more expensive areas of California and beyond. These types of loans now are guaranteed by Freddie Mac and Fannie Mac.History of Jumbo L... Read More »
http://www.answerbag.com/q_view/1978752

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 »
http://www.answerbag.com/q_view/1984124

What is a jumbo mortgage in New Jersey?

Borrowers looking for home financing amounts that fall outside of traditional guidelines often find themselves shopping for a jumbo loan. Jumbo loans were designed to help borrowers afford luxury h... Read More »
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