A mortgage loan that exceeds the maximum allowable purchase limits of Fannie Mae and Freddie Mac.

a contract to a creditor for repayment of a loan

a loan that does not conform to the guidelines established by Fannie Mae or Freddie Mac or exceeds the

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a nonconforming loan

a purchase or refinance loan that exceeds the FNMA / FHLMC limit for a single-family home

Loan amounts above the current conforming loan limit of $322,701 are considered non-conforming or jumbos mortgages and are usually subject to higher pricing.

The current loan limit for a conforming loan is $240,000. Loans for amounts above $240,000 are considered nonconforming or "jumbo" mortgages.

One which exceeds the maximum loan amount allowed by the most common mortgage investors (currently $252,700). A jumbo mortgage will generally cost more to obtain than a conforming mortgage.

A loan that is larger than the limits set by Fannie Mae and Freddie Mac for conventional mortgages. Because jumbo loans cannot be funded by these two agencies, they typically carry a higher interest rate.

A mortgage that is larger than the legislated purchase limits of either Freddie Mac or Fannie Mae.

A loan that exceeds the maximum loan amount allowed by the most common mortgage investors. Currently, a jumbo loan is any loan in an amount that is greater than $252,700. The cost of obtaining a jumbo mortgage is generally higher than the cost of obtaining a conforming mortgage. Also known as a non-conforming loan.

The current jumbo loan limit is $227,151 and above.

Mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mortgage will carry a higher interest rate than a conventional mortgage.

Loans with balances higher than the Fannie Mae and Freddie Mac set limits. The current jumbo loan limit is $252,701 and above.^Back to the top^^Back to the top

A mortgage which is larger than the legislated purchase limits of Fannie Mae and Freddie Mac.

A home loan that exceeds the limits set by Fannie Mae and Freddie Mac ($322,700 in Texas). Lease Purchase: Assists low- to moderate-income homebuyers in purchasing a home by allowing them to lease a home with an option to buy; the rent payment is made up of the monthly rental payment plus an additional amount that is credited to an account for use as a down payment.

Also known as a 'non-conforming' mortgage. Non-conforming loans usually incur a rate and origination fee premium. The current conforming loan limit is $333,700 and below for a single-family residence, $384,900 and below for a 2-unit property, $465,200 and below for a 3-unit property, and $578,150 and below for a 4-unit property. Loan amounts greater than this are considered non-conforming or jumbo mortgages.

A mortgage loan for more than $300,700 ($451,050 for properties in Alaska and Hawaii). Also called Non-conforming loans. Loans for less than this are called Conforming loans

Any mortgage greater than the limits set by Fannie Mae and Freddie Mac. Currently the limit is $415,000.

Also known as a 'non-conforming' mortgage. Non-conforming loans usually incur a rate and origination fee premium. The current conforming loan limit for a one-unit property in the continental US is $359,650. Multiple conforming loan limits are as follows: on a two- unit property the limit is $460,400, three-unit $556,500 and four-unit is $691,600. In Alaska and Hawaii conforming loan limits are: one-unit $500,550, two-unit $640,725, three-unit $774,450, and on a four-unit property the limit is $962,475. Loan amounts greater than this are considered non-conforming or jumbo mortgages.

() The current loan limit for a conforming loan is $359,650. Loan amounts of $359,651 and above are considered non-conforming or jumbo mortgages and are usually subject to higher pricing.

Also known as a 'non-conforming' mortgage. Non-conforming loans usually incur a rate and origination fee premium. The current conforming loan limit for a one-unit property in the continental US is $417,000. Multiple conforming loan limits are as follows: on a two- unit property the limit is $533,850, three-unit $645,300 and four-unit is $801,950. In Hawaii conforming loan limits are: one-unit $625,500, two-unit $800,775, three-unit $967,950, and on a four-unit property the limit is $1,202,925. Loan amounts greater than this are considered non-conforming or jumbo mortgages. Note: We do not lend in Alaska, Guam, and the U.S. Virgin Islands.

The current loan limit for a conforming loan is $300,700. Loan amounts of $300,701 and above are considered non-conforming or jumbo mortgages and are usually subject to higher pricing.

Also known as a 'non-conforming' mortgage. Conventional home mortgages not eligible for sale and delivery to either Fannie Mae (FNMA) or Freddie Mac (FHLMC) because of various reasons, including loan amount, loan characteristics or underwriting guidelines. Non-conforming loans usually incur a rate and origination fee premium.

Also known as a 'non-conforming' mortgage. Non-conforming loans usually incur a rate and origination fee premium. The current conforming loan limit is $359,650 and below for a single-family residence, $460,400 and below for a 2-unit property, $556,500 and below for a 3-unit property, and $691,600 and below for a 4-unit property. Loan amounts greater than this are considered non-conforming or jumbo mortgages.

A jumbo mortgage is a home loan that exceeds the limits set by Fannie Mae and Freddie Mac ($333,700 this year; $500,550 in Alaska, Hawaii and the U.S. Virgin Islands). A jumbo mortgage will carry a higher interest rate than a conventional mortgage.

A jumbo mortgage is a home loan that exceeds the limits set by Fannie Mae and Freddie Mac ($359,650 in 2005; $539,475 in Alaska, Hawaii and the U.S. Virgin Islands).

A mortgage amount over $252,700 is considered a jumbo loan.

A loan which is larger than the limits (currently $240,001 and above) set by Fannie Mae and Freddie Mac. Because jumbo loans cannot be funded by these two agencies, they may carry a higher interest rate.

A mortgage larger than the maximum eligible for purchase by the two Federal agencies, Fannie Mae and Freddie Mac, currently $275,000 (see Non-conforming mortgage). However, some lenders use the term to refer to programs for even larger loans, such as, e.g., greater than $500,000.

The current loan limit for a conforming loan is $322,700. Any loan amounts of $322,701 and over are considered non-conforming or jumbo mortgages. They are usually subject to higher pricing. Back to Top Page

a mortgage loan in excess of the conforming loan limit (currently $359,650) Loan amounts of $359,651 and above are usually subject to higher pricing.

A loan, which is larger (more than $322,700 currently) than the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate.

The current loan limit for a conforming loan is $417,000. Loan amounts of $$417,001 and above are considered non-conforming or jumbo mortgages and are often subject to higher pricing.

A mortgage loan that exceeds the conforming limit (changes regularly) as determined by the Federal National Mortgage Association.

Loans that exceed limits set by Fannie Mae and Freddie Mac. The current limit is $214,600.

The current loan limit for a conforming loan is $252,700. Loans for amounts above $252,700 are considered non-conforming or jumbo mortgages.

Loans that exceed limits set by Fannie Mae and Freddie Mac. The current limit is $333,700.

Mortgages that are above $322,700 fall into several categories: Conforming vs. Jumbo The conforming limit is a mortgage amount set by Congress and is the maximum loan size eligible for purchase by either Fannie Mae or Freddie Mac, two Federally chartered organizations who purchase the underlying securities from mortgage originators. Those funds are reinvested in new mortgages completing the flow of funds cycle. The current conforming limit is set at $322,700. Any loan amount above that figure is considered a Jumbo loan and is often subject to an interest rate pricing premium as well as to some additional underwriting restrictions. A common strategy to lower overall interest costs if your purchase or refinance balance is above $322,700 is to use a combination of both first and second trust money, referred to as an 80/10/10 or 80/15/5. Every situation is different, but it is one more option to consider.

Loans that exceed limits set by Fannie Mae and Freddie Mac. The current limit is $417,000.

A jumbo mortgage, also known as a non-conforming loan, is a mortgage that exceeds the maximum loan amount guidelines set by secondary market lenders (Fannie Mae and Freddie Mac). Generally, the interest rates on a jumbo loan are higher than on a conforming loan.

A mortgage for a higher principal amount than conventional FNMA/FHLMC market maximums—currently over $252,701.

A mortgage larger than the maximum eligible for purchase by the two Federal agencies, Fannie Mae and Freddie Mac (see Non-conforming mortgage). However, some lenders use the term to refer to programs for even larger loans, such as greater than $500,000. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate.