Jumbo Loans

Jumbo Loans:

Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits (usujally $625,500 inthe mountain resort areas for a one unit property.

 Rates on jumbo loans are typically higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes, and usually require a higher down payment than traditional loans (generally 20-30%).

These materials are not from HID or FHA and were not approved by HUD or a Government agency