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  2. What are non-conforming loans? - AOL

    www.aol.com/finance/non-conforming-loans...

    Often, a mortgage is considered non-conforming because it's for an amount higher than the conforming loan limit ($766,550 for most mortgages in 2024), also known as a jumbo loan. A loan could also ...

  3. What is a jumbo loan and when do you need one?

    www.aol.com/finance/jumbo-loan-one-133806802.html

    A jumbo loan is a mortgage for an amount that exceeds the loan size limits set by the federal government. If you’re buying a mansion — or just a regular home in a high-priced area like Silicon ...

  4. Jumbo mortgage - Wikipedia

    en.wikipedia.org/wiki/Jumbo_mortgage

    In the United States, a jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits. [1] This standard is set by the two government-sponsored enterprises (GSE), Fannie Mae and Freddie Mac, and sets the limit on the maximum value of any individual mortgage they will purchase from a lender.

  5. Mortgage and refinance rates for Jan. 6, 2025: Average rates ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.

  6. What is a mortgage? A definitive guide for aspiring homeowners

    www.aol.com/finance/mortgage-definitive-guide...

    Jumbo loans – A jumbo loan exceeds the size limits set by U.S. government agencies and has stricter underwriting guidelines. These loans are sometimes needed for high-priced properties — those ...

  7. Super jumbo mortgage - Wikipedia

    en.wikipedia.org/wiki/Super_jumbo_mortgage

    A super jumbo mortgage would be a mortgage greater than $3 million, although lenders differ on just what constitutes a super jumbo mortgage subject to their own internal investment criteria. [2] Unlike Jumbo loan limits, the super jumbo mortgage category is not directly defined, controlled, or regulated by any of these aforementioned agencies.

  8. Conforming loan - Wikipedia

    en.wikipedia.org/wiki/Conforming_loan

    If a loan's origination amount is above the CLL then a mortgage is considered a jumbo loan, and typically has higher rates associated with it. This is because both Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market, making the demand for a non-conforming loan much less. By virtue of the laws of ...

  9. Refinance rates for Tuesday, January 7, 2025 - AOL

    www.aol.com/finance/mortgage-and-refinance-rates...

    See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.

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