A jumbo loan, or jumbo mortgage, is a home loan for an amount that exceeds the “conforming loan limit” set on mortgages eligible for purchase by Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs) that ultimately buy and administer most single-family-home mortgages in the U.S.
Crystal Calhoun-Epps is the founder of Crystal the Closer Consulting; a firm dedicated to helping people easily access mortgages, acquire funding, and achieve their homeownership goals.
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