Jumbo Loans:: Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac as conventional loan limits. Rates on jumbo loans are typically higher than conforming loans, as these loans are typically used to buy more expensive homes and high-end custom construction homes which pose a higher loss risk to the lender. Jumbo loans also currently capped at 80% loan to value.

To learn more about Jumbo loans, contact one of our qualified mortgage specialist
at 812-842-2283.