Loan Types

What Are Jumbo Loans and How Do They Work?

April 8, 2024
5 min read
What Are Jumbo Loans and How Do They Work?

Buying in a high-cost area? A jumbo loan might be your only option. Learn the ins and outs of these specialty mortgages.

If you're looking to purchase a high-end home, you may find that the loan amount you need exceeds the limits set for conventional "conforming" loans. This is where jumbo loans come into play.

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# jumbo loan
# high-value homes
# mortgage