Jumbo Loan, What is a Jumbo Loan, what is a jumbo loan, jumbo loans

Jumbo Loan

What's a Jumbo Loan?

Jumbo loans are home loans that can exceed the loan limits of traditional conforming loans, which is currently $453,000 in most parts of the United States. These loans are a good choice for borrowers with a high credit score and a low debt-to-income ratio who are looking to buy a higher-priced home.

Benefits of a Jumbo Loan:

  • High purchase limits
  • Available as fixed rate or adjustable rate loans
  • Can be used for primary residence, vacation home, and investment properties

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