A Crash Course on Jumbo Loans – What You Need to Know

home loan

The majority of properties qualify for conventional conforming loans. In most counties, or as determined by the Federal Housing Finance Agency (FHFA), the maximum amount for a conforming loan is $540,000.  Homes that exceed that value can only qualify for what is known as a jumbo loan, which is shorthand for a non-conforming conventional mortgage. […]