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Jumbo loans are loans above the Fannie Mae/Freddie Mac conforming loan limit
conforming loans
Jumbo loans also commonly require slightly higher credit scores than conventional
but since they are held on bank portfolios rather than by Fannie Mae/Freddie Mac there are often a few differences
For most of the country these are loans above $766
Jumbo Loans Bluffton-Mortgage Jumbo loans are loans aboveJumbo 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
