I think that increasing our current conforming loan amount is a great idea and will benefit many! (bloodhoundrealty.com)
Jumbo loans are those that exceed the standard conforming loan amount of $ 417,000. (diamondresidential.com)
They are often used in purchase transactions to assist a customer whose purchase price exceeds conforming loan amounts ($ 417,000) and wish to avoid jumbo pricing. (mortgageprocessor.org)