those loans that exceed the conforming loan limits. Generally, loans above $214,600 (Jumbo). of Page || Bottom of Page
These loans are also referred to as Jumbo Loans and do not conform to the traditional Fannie Mae or Freddie Mac conditions due to loan amount and underwriting guidelines. These loans are usually for amounts upwards of $399,500 and larger.
Any loan that is too large or doesn't otherwise meet the qualifications to be purchased by Fannie Mae or Freddie Mac