What is a jumbo loan?
A loan is considered jumbo if it exceeds the conforming and conforming high-balance loan limits.
The current conforming loan limit for a single-family home is $510,400.
Jumbo Loan Considerations
- Jumbo loans are available for primary residences, second and vacation homes. Jumbo loans are also available in a variety of terms.
- Jumbo loans are available as fixed-rate or adjustable-rate loans
- Jumbo loans may have higher interest rates than conforming and conforming high-balance home loans and can have stricter underwriting and larger down payment requirements.
County Bank Mortgage Specialists are only a phone call or email away. Contact us at 302-226-9800 or firstname.lastname@example.org.
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