Definition of Jumbo Loan

 

What is the Definition of a Jumbo Loan 

Jumbo Loans exceed the conforming and conforming high-balance loan limits:

The current conforming loan limit for a single-family home is $417,000 for all states—except Hawaii and Alaska, where it is $625,500

  • In federally designated high-priced markets in the continental United States, conforming high-balance limits range from $417,001 to $625,500 and, in designated markets in Hawaii, from $625,501 to $721,050.
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