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

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 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 »
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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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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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