Jumbo Loans

Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. 2017 guidelines describe a Jumbo loan as a mortgage overĀ $424,100. Rates on jumbo loans are typically higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes. Typically Jumbo Loans require a higher down payment than traditional loans. For more information on Jumbo Loans and to see if you qualify, call Marc Edelstein 248-658-2643

 

jumbo loan