A “jumbo loan” is used for homes that are priced at a higher value. Also referred to as a non-conforming loan because the loan limits exceed the conventional loan limits set by Fannie Mae and Freddie Mac.
You can see the most updated loan limits of your area by contacting us on our Contact Page
or by visiting the Federal Housing Finance Agency’s website
and reviewing the Conforming Loan Limit Map.
The minimum credit score for a jumbo loan depends on the type of dwelling and loan amount. However, typically higher very good to excellent credit ratings are preferred since these loans are a larger risk for lenders.