Oregon | Washington | California | Jumbo Mortgage Loans Loans

Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. Rates on jumbo loans are typically higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes. However, Jumbo Loans are common in cities where real estate values are higher, such as in King County Seattle.

 

What is a Jumbo Mortgage?

Basically, if you need a loan amount that is higher than $417,000 or, in some higher priced areas, $729,750 you need a jumbo mortgage.

 

More specifically, a jumbo mortgage is a loan for an amount above theConforming limits set by Fannie Mae and Freddie Mac. The loan limit is set at $417,000 in most parts of the US. However, in high-cost areas, the limit can be as much as $729,750. For loan limits in your area, please Contact NilesHomeLoans.com.


To shop and compare current jumbo mortgage rates in Oregon & Washington, please call or Click To See Current Jumbo Mortgage Rates.

 

 

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