Jumbo Loans
Have you been thinking big?
Definition:
A mortgage larger than the limit set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, currently more than $400,000.
Here are some of the products that are available for jumbo loans:
- 30 year fixed
- 15 year fixed
- Adjustable Rate Mortgage (ARM)
- Balloons
Rate for jumbo loans are typically higher than for conforming loan amounts by roughly .125% to 250% (1/8% to 1/4%), (.125% = 1/8%). 
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