Comments on: What makes a mortgage loan type a "jumbo" versus conventional?

By: mortgage help

mortgage help — Sat, 08 Nov 2008 08:41:59 +0000

loans $417,000 and greater are jumbo
References :
http://www.choicefinance.net/search-maryland-virginia-dc-real-estate.htm

By: buyhawkeye.com

buyhawkeye.com — Sat, 08 Nov 2008 08:04:59 +0000

Currently $417K and above are considered jumbo loans for single family homes. The link below provides you with a chart.
References :
http://mortgage-x.com/library/loans.htm , Mortgage Broker, http://www.losethearm.com

By: me k

me k — Sat, 08 Nov 2008 07:34:59 +0000

it should be on low interest.
References :
http://www.freewebs.com/get-loan-online/

By: bosco6159

bosco6159 — Sat, 08 Nov 2008 07:23:59 +0000

A jumbo loan is a loan that exceeds the maximum limits set by Fannie Mae and Freddie Mac. These limits are what this two organizations are willing to spend to buy a mortgage from the mortgage originators. They usually have a higher interest rate because they are not as marketable.
References :

By: Steve

Steve — Sat, 08 Nov 2008 06:33:59 +0000

If I'm not mistaken it has to do with the amount of the loan.
References :