1steaglemortgage

Jumbo

jumbo-loan1A Jumbo, or non-conforming loan,  refers to any home loan that is greater than $417,000.  Jumbo loans have similar features to fixed and adjustable rate programs.

The biggest difference between a jumbo loan and a traditional loan is the interest rate – since jumbos are not guaranteed by Frannie Mae or Freddie Mac, they are considered a higher risk for lenders.  They may have a higher rate.

Call 847.441.4116 or Click Here to see if a Jumbo Loan is right for you.

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