Navigating Jumbo Loans: A Comprehensive Borrower’s Guide
Jumbo loans serve as an option for homebuyers seeking high-value mortgages that exceed conforming loan limits established by government-sponsored enterprises like Fannie Mae and Freddie Mac. Understanding these specialized loans is essential for borrowers considering high-priced real estate transactions. 1. What are Jumbo Loans? Loan Size: Jumbo loans surpass the maximum loan limits set by…