Jumbo Loan

Jumbo Loan – A loan that is larger than the limit as set by Fannie Mae and Freddie Mac; can therefore not be sold on the secondary market. Here is a link where you can find up to date loan limits in California by county, these change.

  • Example: If you purchase a home and need a loan that is too large to conform with Fannie Mae and Freddie Mac’s loan requirements you must get a jumbo loan, which in Southern California is between the low $400s and low $600s depending on county.
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