Unlike conforming loans, lenders determine jumbo loan limits. But you must first understand the jumbo loan limit of your area and how it’s determined to understand whether it's the best financial product for you.
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Edited By
Lukas Velunta
|
By
Christopher Boston
|
On This Page:
- What Is a Jumbo Loan?
- What Are Jumbo Loan Limits?
- Jumbo vs. Conventional Loans
- Jumbo Loan Requirements
- Understanding Jumbo Loan Rates
- Shopping for Jumbo Loans
- Key Considerations
- FAQ
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About Christopher Boston
Christopher Boston is a Senior Manager of Content Strategy and SEO at MoneyGeek. For over half a decade, they have crafted hundreds of articles spanning the higher education, mortgage and personal loan industries. Christopher is passionate about using their skills and experience to create quality content that helps people save and spend their earnings efficiently.
sources
- Federal Housing Finance Agency. "FHFA Announces Conforming Loan Limit Values for 2023." Accessed October 13, 2023.