What is a jumbo loan in california

what is a jumbo loan in california

Other People Are Reading

The Biggest Jumbo Loans

A loan amount of more than $417,000 on a single-family home is a jumbo mortgage in most parts of the country. In California's most expensive counties, including Los Angeles, Alameda, Marin, Orange, San Francisco, Santa Barbara and Santa Cruz, the jumbo-loan threshold is higher due to higher median home prices. Jumbo mortgages in these high-cost areas have loan amounts above $625,500.

References

Comments

Please enable JavaScript to view the comments powered by Disqus.
  • Photo Credit capricornis/iStock/Getty Images

More Like This

Jumbo Mortgage Requirements

What Is a Jumbo Loan

in New Jersey?

What Is a 15 Year Conforming Mortgage?

You May Also Like

What Is the Maximum Conforming Loan in California. What Is a Jumbo Home Loan? What Are Fannie Mae & Freddie Mac.

What Is an FHA Jumbo Loan. An FHA (Federal Housing Administration) jumbo loan, also known as a nonconforming loan. What is.

Jumbo loans are home mortgages that exceed the loan limits accepted by the government-sponsored entities of Fannie Mae and Freddie Mac. The.

The top conforming loan as of May 2010 is $729,750 in parts of California and Hawaii. super-jumbo or just jumbo loans.

Featured

View Blog Post

Source: ehow.com

Category: Credit

Similar articles: