


House-Buying 101
Mortgage Terminology
J

Jumbo Loan
A loan which is larger 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.
Mortgage Terminology
J

Jumbo Loan
A loan which is larger 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.
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PHASES OF CONSTRUCTION | THE MORTGAGE PROCESS | FAQS
© 2010 Klein Homes - Southern Indiana Home Builder


