A
jumbo loan is a type of mortgage or home loan that is larger than the maximum amount allowed by government-sponsored mortgage programs. It is usually used to finance expensive properties or homes in high-cost housing markets. In short, a
jumbo loan helps people buy really big or expensive houses.
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«jumbo»
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Phrases with «jumbo loan»
Sentences with «jumbo loan»
- Lately, reports show some people have been able to get approved for jumbo loans with credit scores of 650, but in t's best to aim for 700 or higher. (smartasset.com)
- Real estate professionals who have worked with jumbo loans in the past know that the process and underwriting guidelines are far different than they are for conforming mortgages. (rismedia.com)
- If you need to take out to jumbo loan in order to purchase your dream home, remember that they come with higher interest rates. (smartasset.com)
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