Mortgage Programs
Jumbo Loans: What They Are and Who Qualifies
Jumbo loans, which are also known as non-conforming loans, are mortgage loans that exceed loan limits set by government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac. These loans are usually obtained for properties that are too costly to be covered by a conventional conforming loan. In 2023, the
August 10, 2023