JUMBO Loans

• Home loans that exceed the conforming loan limits set by the Federal Housing Finance Agency (FHFA), making them ineligible for purchase by Fannie Mae or Freddie Mac.

• Designed for financing luxury properties or homes in high-cost areas.

• Typically requires stricter credit requirements, including higher credit scores.

• Requires a larger down payment, and lower debt-to-income ratios.

• Interest rates are typically higher than conforming loans, reflecting the increased risk to lenders.