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Jumbo Loan. A jumbo loan, also called a jumbo home loan, is a kind of financing that exceeds the limitations set by the Federal Housing Finance Agency (FHFA).

What exactly is a Jumbo Loan? How a Jumbo Loan Functions A jumbo loan is not eligible to be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac unlike conventional mortgages. Made to finance luxury properties and houses in very competitive regional estate that is real, jumbo mortgages come with exclusive underwriting needs and [...]