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Jumbo Loan/Non-Conforming Loan

A jumbo loan also referred to as a non-conforming loan is a mortgage used to finance properties that exceed the loan limit for a conventional/conforming loan. The maximum loan amount for a conventional/conforming loans is determined by the Federal Housing Finance Agency (FHFA).

Jumbo Loan

Homes that exceed the local conventional/conforming loan limits require a jumbo/non conforming loan.