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 Jumbo Mortgages
Jumbo mortgage loans are just what their name implies: a larger than average loan.
Most lenders follow the Fannie Mae or Freddie Mac federal guidelines for mortgage loans, which limit the amount you can borrow to $359,650. If you need to borrow more than this, use a Jumbo loan.
Jumbo Mortgages offer:
- Larger loan amounts to purchase more expensive homes
- Loan amounts as high as $2 million
Jumbo Mortgages facilitate high-end purchases of:
- Primary residences
- Second or vacation homes
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