What Is a Jumbo Loan?
What Is a Jumbo Loan?
Let’s get into this.
A jumbo loan is exactly what you think it is: a ginormous load of cash. We’re talking over $550,000 to buy a house.
These loans are ideal for buyers who have strong financial profiles and need access to much higher loan amounts than they would get under a conforming loan’s limit (that’s $548,250, to be exact).
This is no simple loan application for that very reason.…
