About Non-Conforming Jumbo Loans

Jumbo mortgage loans are designed for homebuyers who need to finance especially large purchases. A loan is considered jumbo if it exceeds the “conforming” loan limit set annually by Fannie Mae and Freddie Mac, the government-sponsored agencies that purchase the bulk of U.S. residential mortgages from banks and other lenders.

Jumbo loans are available for primary homes, secondary or vacation homes, investment properties and condominiums.

If you are interested in speaking with a loan specialist about a jumbo loan, please contact AMEC Plymouth, Minnesota.