Fannie Mae and Freddie Mac raised their respective conforming loan limit to $726,200 - January 1, 2023. Jumbo loan minimums in turn also increased to reflect the new 2023 Conforming Loan LimitsThe protocol was established … [Read more...] about Jumbo Loan Limit Caps 2023
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FHA Jumbo Mortgage Benefits
FHA mortgages are a popular choice for homebuyers because they offer lower down payment options and have more flexible credit standards than many other mortgage loan types. FHA loan limits are capped out to around $330,000 in most … [Read more...] about FHA Jumbo Mortgage Benefits
Jumbo Mortgage Basics
The concept of a jumbo mortgage really first began back in 1970 as a result of actions taken by the Federal Government. Then, there were two Government Sponsored Entities, or GSEs, Fannie Mae and Freddie Mac which operated … [Read more...] about Jumbo Mortgage Basics
