Jumbo Loans Bluffton-Mortgage but since they are held

but since they are held on bank portfolios rather than by Fannie Mae/Freddie Mac there are often a few differences

conforming borrower would have no trouble qualifying for a jumbo loans as long as they are able to afford the higher payment associated with a bigger loan amount

Jumbo loans are loans above the Fannie Mae/Freddie Mac conforming loan limit

Jumbo loans typically require a larger down payment than conventional

Jumbo loans generally look and act just like conventional

Jumbo Loans Bluffton-Mortgage but since they are heldJumbo loans are loans above the Fannie Mae Freddie Mac conforming loan limit. For most of the country these are loans above $766,550. Jumbo loans generally look and act just like conventional, conforming loans, but since they are held on bank portfolios rather than by Fannie Mae Freddie Mac there are often a few differences. Jumbo loans typically require a larger down payment than conventional, conforming loans. A minimum of a 10% down payment is