Posted on Aug 21, 2018

Pine Creek Financial Group

What Are Jumbo Loans?

Especially in areas where housing values are quite high, jumbo loans are a standard part of the financing process. Many people have heard the term but don't quite understand what it means or in what situation you would need to obtain one. While jumbo loans are often used for high-value homes, inflated market prices in some areas mean that even a modest home can sometimes require one.

What Is A Jumbo Loan?

A jumbo loan is a mortgage loan for an amount that is more than what is considered a conventional loan. The maximum amount for a Conventional loan amount, set by the government-sponsored agencies Fannie Mae and Freddie Mac. That limit depends on the area of the country in which you live. Any mortgage that is higher than limit amounts will be considered to be a jumbo loan.

Jumbo Loan Rates And Lenders

We offer JUMBO loans, as the market has changed and homes are increasingly outside the standard loan limits, although counties can vary. If you are in Colorado, we can help. Call us Today!
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