A jumbo loan is a mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). A jumbo loan is a mortgage for borrowers who wish to borrow more than $832,750 or up to $1,249,125 in high-cost areas. Because Jumbo loans cannot be funded by Fannie Mae or Freddie Mac, they usually require higher interest rates than conventional loans. However, with a jumbo mortgage loan from Mortgage America, borrowers can take advantage of highly competitive fixed rates and adjustable monthly interest rates.
Talk to an experienced Mortgage America Loan Officer for information about your specific jumbo loan options. Our loan officers can walk you through every step of the process. We’ll help find the loan option that’s right for you. See how we can help you today with a jumbo loan.
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