What is a super jumbo mortgage?

Answer In conventional mortgage regulations, a super jumbo mortgage is any mortgage above the jumbo mortgage limit. For most areas, this number begins at $1,000,000 while some areas consider it $2,000,000... Read More »

Top Q&A For: What is a super jumbo mortgage

What is a 30-year jumbo mortgage?

A 30 year jumbo mortgage is a large debt on a residence. In most areas of the United States, a jumbo mortgage is above $417,000. However, in high cost areas of the United States, the can be as high... Read More »

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 »

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 »

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 »