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 What is the definition of a jumbo mortgage?

Answer 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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Top Q&A For: What is the definition of a jumbo mortgage

Definition of a Jumbo Mortgage Loan?

In America, HUD (U.S. Department of Housing and Urban Development) Fannie Mae, and Freddie Mac (the nation's two largest federally sponsored mortgage lenders) classify the majority of mortgages. In... Read More »
http://www.ehow.com/about_6569303_definition-jumbo-mortgage-loan.html

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 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 »
http://www.answerbag.com/q_view/1959929

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


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