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By Daniela Quiroz

Jumbo Loans: What Are They and Who Should Consider Them?

What Exactly Is a Jumbo Loan? If you’re looking to buy a higher-priced home, you might find that a conventional mortgage simply doesn’t cover enough of the purchase price. That’s where jumbo loans come in. A jumbo loan is a type of mortgage used to finance properties that exceed the conforming loan limits set by Fannie Mae and Freddie Mac. In 2025, the conforming loan limit for most areas in the U.S. is $766,550 for a single-family home, though it can be higher in certain high-cost regions. If

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What Exactly Is a Jumbo Loan?If you’re looking to buy a higher-priced home, you might find that a conventional mortgage simply doesn’t cover enough of the purchase price. That’s where jumbo loans come in. A jumbo loan is a type of mortgage used to finance properties that exceed the conforming loan limits set by Fannie Mae and Freddie Mac.In 2025, t...
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