Jumbo Loan
What is it? A jumbo loan is any loan that exceeds the underwriting guidelines for Fannie Mae/Freddie Mac maximum loan limits ($240,000 as of January 1999). (See Non-conforming loan, Fannie Mae, Freddie Mac)Added By: Kate
The Jumbo Loan definition has been viewed 76 Time(s)!
Send To Friends!
If you'd like to send the Jumbo Loan definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Jumbo Loan. If you need any more information on this term, please don't hesitate to contact us.