A jumbo loan is a loan that exceeds the conforming loan limits as set by Fannie Mae and Freddie Mac. As of 2022, the limit is $647,200 for most of the US, apart from Alaska, Hawaii, Guam, and the U.S. Virgin Islands, where the limit is $970,800. Rates tend to be a bit higher on jumbo loans because lenders generally have a higher risk.
Were here to make the jumbo home loan process easier, with tools and knowledge that will help guide you along the way.
Well help you clearly see differences between loan programs, allowing you to choose the right one for you whether youre a first-time home buyer or a repeat buyer.
Here is how our home loan process works:
*Fairway is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency.
There are many benefits to jumbo loans. One of the biggest benefits is that financing options are available up to $3,000,000. This may provide convenience to many borrowers.
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4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800.
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.
AZ License #BK-0904162
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License No 41DBO-78367. Licensed by the Department of Business Oversight under the California Finance Lenders Law, NMLS #2289. Loans made or arranged pursuant to a California Residential Mortgage Lending Act License.
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TX Location: 1800 Golden Trail, Carrollton, TX 75010
Fairway Independent Mortgage Corporation NMLS Entity ID #2289
GA: Georgia Residential Mortgage Licensee #21158
NY: This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located in the state of New York will be accepted through this site