Definition of «jumbo financing»

"Jumbo financing" refers to a type of loan that is used to finance expensive properties, typically with a value higher than the standard limits set by government-backed mortgage programs. It is a way for borrowers to secure larger amounts of money to purchase high-priced homes or properties.

Sentences with «jumbo financing»

We provide jumbo financing for most types of 1 - 4 unit residential properties. (legendhomelending.com)
The inability to refinance these homes with big conventional loans would have meant that buyers could only finance such properties with jumbo financing. (fhaloanpros.com)
Part of that service involves offering a variety of products that fit an ever - growing pool of customer demand, including jumbo financing for primary, secondary and investment home purchases. (homebridge.com)
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