What is a Jumbo Loan?
Jumbo loans are any single loan amount over the conforming loan limits throughout most of the United States. When Fannie Mae and Freddie Mac limits do not cover the full loan amount on high valued homes, the loan is referred to as a Jumbo Mortgage.
Jumbo Loan Limits
A Jumbo loan is designed for buyers who are purchasing or refinancing a home that is priced higher than the conforming loan limit set by Fannie Mae and Freddie Mac.
Downs Financial is a leader in financing Jumbo loans up to $3 million for owner occupied financing, and offers competitive pricing on fixed-rate and adjustable-rate mortgages.