jumbo mortgages

What is a Jumbo Mortgage?

A jumbo mortgage, as the name implies, is a loan that exceeds the conforming loan limits established by the Federal Housing Finance Agency. For most areas of the country, the current conforming loan limit is $417,000 for a single-family home. For higher priced markets such as San Francisco and Los Angeles, the maximum conforming limit …

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More First-Time Buyers Opt for Jumbo Loans in California

When you think of a jumbo loan, or jumbo mortgage, it evokes visions of luxury home buying, second homes, vacation homes, or maybe investors looking to purchase a multi-family unit to develop luxury condos or apartments. These days, though, a lot of first-time homebuyers in California are learning all about jumbo loans, because, in some …

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