"FSBO" or "buying foreclosures"
"Chicago, IL" or "Florida"
Views: 3439
Jumbo Loan
A jumbo loan is a loan that exceeds the conforming loan limits as set by Fannie Mae and Freddie Mac. The limit is currently $417,000 for a single-family house. Rates tend to be a bit higher on jumbo loans because lenders generally have a higher risk.
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