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June 10, 2006
Jumbo Mortgage
Jumbo mortgage loans provide financing to those who need a loan above conventional loan limits. Fannie Mae (FNMA) and Freddie Mac (FHLMC), two large agencies that purchase the bulk of residential mortgages in the United States, establish these limits. This limit signifies the maximum dollar amount that they will purchase from an individual lender. Those who need a first mortgage above the limit must look beyond the traditional lending market and search for lenders who offer jumbo mortgage
From Jumbo Mortgage
Posted by Ken at June 10, 2006 02:14 PM
