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Jumbo Mortgage Loan Programs PDF Print E-mail
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Written by Tamara Schmitt   
Tuesday, 03 January 2006
 A jumbo mortgage is a mortgage loan which is larger than the limits set by Fannie Mae and Freddie Mac ($359,650 as of 1/5/2005). Since these two agencies will not purchase these types of loans, they usually carry a higher interest rate (to enhance their value and marketability to investors).
Last Updated ( Wednesday, 23 August 2006 )
 
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