Posted on June 24th, 2009 in Jumbo Loan Amount
What the Heck is a Jumbo Loan Amount?
A jumbo loan amount is a non-conforming loan in the sense that it doesn’t agree to the common standards of underwriting for Fannie Mae and Freddie Mac, the 2 pseudo-government loan agencies in charge of purchasing and reselling good-credit, low-risk mortgage loans. The stipulation of status with the [...]
