JUMBO LOANS
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WHAT ARE JUMBO LOANS?
Loans above the maximum loan amount preset by Fannie Mae and Freddie Mac, are considered jumbo loans. They are often bought and sold on a smaller scale than other loans and therefore, usually have a slightly higher interest rate than conforming loans. The difference in rates varies with the state of the economy at that time. A jumbo loan size may give you the ability to finance a larger percentage of the value of your home or allow you to make a smaller down payment. Contact us today for more information on these exciting programs or apply online! MB/2110 ML/1721 © Copyright, 2008 by Affiliated Mortgage Services Corp. All Rights Reserved.
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