The National Directory of Certified Public Accountants

Ask A CPA - Mortgages & Loans

What Is A Jumbo Loan ?

A loan that exceeds the conventional loan limit or does not conform to the guidelines established by Freddie Mac or Fannie Mae is called a Jumbo loan. Generally, these loan amounts can go up to three million dollars. Loan to value limits for Jumbo loans range from 60 percent to 95 percent, depending on the loan amount.

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