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What is a jumbo mortgage?
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Last Updated
16th of October, 2009

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A jumbo mortgage is a loan that exceeds the limits set by Fannie Mae and Freddie Mac (usually when the loan amount is more than $200,000-400,000). Also known as a non-conventional or non-conforming loan, these mortgages usually have higher interest rates than standard loans.

Thinking about purchasing or refinancing a home? Learn about the home-buying process and refinancing options.





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