Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. 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. Typically Jumbo Loans require a higher down payment than traditional loans.
Questions about jumbo loans?Contact us today! Local mortgage lender servicing Kingwood, The Woodlands, Cypress, and Pearland. Call us on (281) 348-9899.