Question

 What constitutes a jumbo mortgage?

Answer 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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Top Q&A For: What constitutes a jumbo mortgage

What constitutes mortgage rates?

Home ownership is part of the American dream. Of course, most home buyers cannot make the purchase in cash, and secure mortgage financing to buy property. Understanding how mortgages work is critic... Read More »
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How much is a jumbo mortgage?

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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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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