Jumbo Loans

A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $548,250 in most counties, as determined by the Federal Housing Finance Agency (FHFA). Homes that exceed the local conforming loan limit require a jumbo loan.

Also called non-conforming conventional mortgages, jumbo loans are considered riskier for lenders because these loans can’t be guaranteed by Fannie and Freddie, meaning the lender is not protected from losses if a borrower defaults. Jumbo loans are typically available with either a fixed interest rate or an adjustable rate, and they come with a variety of terms.

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Laura-Contreras
Laura Contreras

(562) 587-7440
NMLS #262280

Tom-Duncan
Tom Duncan

(707) 344-1400
NMLS #1994086

Tina-Gomez
Tina Gomez

(949) 409-9229
NMLS #1473848

Aaron-Zapata
Aaron Zapata

(949) 409-9229 ext. 1001 NMLS #1600847