What is a Jumbo Loan in California – Rates Eligibility
Jumbo loans, commonly referred to as jumbo mortgages are a loan type of financing that exceeds the FHFA’s (Federal Housing Finance Agency) guidelines. Jumbo loans, unlike regular mortgages, are not eligible to buy, guarantee, or securitize them. Jumbo mortgages have special underwriting criteria and tax repercussions and are intended to fund luxury residences and homes … Read more