A jumbo loan is a type of financing that exceeds the Federal Housing Finance Agency's loan restrictions (FHFA). A jumbo loan, unlike a standard mortgage, cannot be acquired, guaranteed, or securitized by Fannie Mae or Freddie Mac.
Jumbo mortgages are designed to fund luxury properties and homes in extremely competitive local real estate markets. They have particular underwriting requirements and tax implications. Contact us for more information on details and our rates.