Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. Rates on jumbo loans are typically higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes. Typically Jumbo Loans require a higher down payment than traditional loans.
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NMLS ID #156553 for TN
NLMS ID #187152 for MS
Licensed with the Mississippi Department of Banking and Consumer Finance
