Category
What are so-called “jumbo” loans?
Answer
Fannie Mae and Freddie Mac will only agree to deal with loans up to a certain dollar amount. Loans for larger amounts of money that do not conform to Fannie or Freddie’s rules are referred to as “jumbo” loans. People needing especially big loans in these jumbo amounts can still get them, but they have to apply for a jumbo loan through a special lender who offers them. We are one of those lenders, so we are authorized to provide you with jumbo loans in addition to the normal conventional conforming loans.





