top of page
shutterstock_2179009329_edited.jpg

Rocky Top Lending

JUMBO LOANS

Copy of Copy of Copy of Copy of HUNT (1618 × 1080 px) (6).png

JUMBO LOANS

A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $724,200 in most counties, as determined by the Federal Housing Finance Agency (FHFA). Homes that exceed the local conforming loan limit require a jumbo loan.

​

Also called non-conforming conventional mortgages, jumbo loans are considered riskier for lenders because these loans can’t be guaranteed by Fannie and Freddie, meaning the lender is not protected from losses if a borrower defaults. Jumbo loans are typically available with either a fixed interest rate or an adjustable rate, and they come with a variety of terms.

Rocky Top Lending

brad-huchteman-sR1Kz2auNJE-unsplash.jpg
CONTACT US

At Rocky Top Lending we've been helping customers afford the home of their dreams for many years and we love what we do. Reach out and let's get started today. 

bottom of page