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    Jumbo

    Buying High Priced Homes: How Are Jumbo Loans Different from Conventional Loans?

    While homes come in different shapes, styles, and sizes, most mortgage products work similarly. There are a variety of conventional as well as other government-backed loan products that vary slightly in their underwriting and documentation requirements. However, the documentation required and financial standards may change more significantly if you need a jumbo loan. A jumbo loan product is a..

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    Jumbo

    4 Things You Need Before Applying for a Jumbo Loan

    A jumbo loan is a loan exceeding the conforming loan limit  set by the Federal Housing Finance Agency (FHFA). This year, in most parts of the country, that limit is $484,350. If you are looking for a large home or a home in a pricier area, a jumbo mortgage may fit your financing needs. You’ll need to be aware of some of the requirements you need in order to qualify for the jumbo loan.  

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