A jumbo mortgage is a loan that has a loan amount that exceeds the conforming loan amount that can be purchased by Fannie Mae or Freddie Mac. A Super Jumbo Mortgage is classified as a residential mortgage or other home-equity secured loan in an amount greater than $650,000, although lenders differ on just what constitutes a super jumbo mortgage subject to their own internal investment criteria. Jumbo loans are usually purchased by private investors or maintained by the lender itself.
Select the appropriate icon to see what today’s Fannie Mae and Freddie Mac loan limits are:
Fannie Mae Loan Limits
Freddie Mac Loan Limits