Jumbo MortgageIf you are looking for a jumbo mortgage, you have come to the right place. Lender411.com is the #1 mortgage resource on the web and will assist you in finding the lowest jumbo mortgage rates. Our cutting edge lender search technology matches you up with the most qualified lenders and brokers and saves you thousands of dollars. When you fill out the above short application, you will soon be contacted by lenders from our lender network. We advise you to compare and carefully examine all submitted mortgage quotes in order to get the best interest rates. A jumbo mortgage is a home loan that exceeds the limits set by Fannie Mae and Freddie Mac. Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are the two main agencies that purchase the majority of residential mortgages in the United States. They set a limit on the maximum dollar value of any mortgage which they will purchase from an individual lender. Jumbo mortgages generally have a slightly higher interest rate than smaller (often called "conventional" or "conforming") mortgages. The limit for the jumbo mortgages used to be $417,000, but in certain states such as California and Florida that limit was not realistic. Becuase of this, there are new limits to jumbo loans for high-cost areas are: $729,750. Our no-obligation form is quick, easy, and you can find out in minutes if you will qualify or not. |
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