Question

 What is a super jumbo loan?

Answer A super jumbo loan is granted to people who need $650,000 or more to purchase a home. These loans are available if you can document your income and have sufficient cash reserves available. Super ju... Read More »
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Top Q&A For: What is a super jumbo loan

What is a jumbo loan?

A jumbo loan is higher than the money limits set by Fannie Mae and Freddie Mac, the two agencies responsible for insuring most mortgages approved in the United States. A single family property requ... Read More »
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What is a jumbo arm loan?

A jumbo ARM loan is a mortgage that does not meet the conforming loan limits set by the Federal Housing Finance Agency and has an adjustable interest rate (ARM).What Are Conforming Loan Limits?The ... Read More »
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What is a jumbo conforming loan?

A jumbo conforming loan is a mortgage with an origination balance between $417,000 and $729,750. This category of loan was created by Congress during the financial crisis and allows these loans to ... Read More »
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What is the jumbo loan limit?

On One Hand: General Maximum Allowance.According to Fannie Mae, 2010 jumbo loan for a single unit (such as a single family home) in the continental United States is $417,000. Two-unit properties, $... Read More »
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