A jumbo loan is a type of mortgage that exceeds the conforming loan limits for its area, set yearly by the Federal Housing ...

Jackie Lam is a contributor for CNET Money. A personal finance writer for over 8 years, she covers money management, insurance, investing, banking and personal stories. An AFC® accredited financial ...

Most mortgage programs feature limits that determine how much you can borrow. If you want to buy a property priced above those limits, you may need to take out a jumbo loan. Jumbo loans have stricter ...

Refinancing your mortgage can make financial sense for many reasons. You may qualify for better loan terms that can make your monthly mortgage payments more affordable. Or you can shorten your loan ...

Homebuyers look at mortgage rates to help them decide whether it’s the right time to buy a home, and if so, how much they can afford to spend. When they plan to finance the home with a jumbo loan, ...

Jumbo loans exceed FHFA limits, meaning they can't be resold to Fannie Mae and Freddie Mac. Securing a jumbo loan often requires a 700+ credit score, 10%-20% down payment, and multiple property ...

For older homeowners who need cash, a reverse mortgage may be an option. But if your home value is higher than federal reverse mortgage limits allow, you might consider a jumbo reverse mortgage. Jumbo ...

The pandemic fueled a dramatic increase in high-dollar mortgage loans — but things have since fizzled. Here's what's driving the change, and the largest providers of jumbo loans. As home prices ...

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Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...

Jumbo loans are mortgages that exceed the limits set by the Federal Housing Finance Agency and thus can’t be purchased by Fannie Mae or Freddie Mac. In most parts of the country, a jumbo loan is a ...