Jumbo rates are usually a bit higher than conforming mortgage rates. The rate difference is tied to the higher risk to your lender in taking on a larger loan. For example, if the current conforming mortgage fixed rate is 5 percent, you can expect to find jumbo loans priced at 5.25 to 5.375 percent.
http://budgeting.thenest.com/jumbo-mortgage-limit-10136.html
Jumbo mortgages work like all others. The notable difference is in their size. Fannie Mae and Freddie Mac set conforming loan maximum amounts annually. Current maximums are $417,000 for most -- but, not all -- single-family homes. Some locations in the United States have higher limits.
http://budgeting.thenest.com/jumbo-mortgage-limit-10136.html
Mortgage loan limits were reduced in the country's higher-priced housing markets Oct. 1, 2011. In most (but not all) U.S. counties, any mortgage of more than $417,000 is a jumbo loan -- and jumbo mortgages have higher interest rates than smaller loans. In counties with high home prices, borrowers are able to get mortgages for more than $417,000 without paying the higher jumbo interest rates.
http://www.bankrate.com/finance/mortgages/new-jumbo-loan-limits-state.aspx
When FNMA and FHLMC limits don't cover the full loan amount, the loan is referred to as a jumbo mortgage. Traditionally, the interest rates on jumbo mortgages are higher than for conforming mortgages, however with GSE fees increasing, Jumbo loans have recently seen lower interest rates than conforming loans.
https://en.wikipedia.org/wiki/Jumbo_mortgage
Jumbo loan limits. These high-cost counties still have loan limits, and the limits vary by county. Click on your state in this map to display a chart that lists these higher-cost counties. The chart lists the county's Federal Housing Administration loan limit and the Fannie Mae-Freddie Mac conforming loan limit.
http://www.bankrate.com/finance/mortgages/new-jumbo-loan-limits-state.aspx
The limit was raised to $729,750 or 125% of the median home value within the metropolitan statistical area, whichever is the lesser. Initially due to expire in December 2008, the new limits were extended through 2010.
https://en.wikipedia.org/wiki/Jumbo_mortgage
The interest rate charged on jumbo mortgage loans is generally higher than a loan that is conforming, due to the higher risk to the lender. The spread, or difference between the two rates, depends on the current market price of risk.
https://en.wikipedia.org/wiki/Jumbo_mortgage
Loan Limits. Get Today's Mortgage Rates. 2015 Conforming, FHA, & VA Loan Limits. Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA). 1-Unit.
http://themortgagereports.com/loan-limits
From Wikipedia, the free encyclopedia. In the United States, a jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits.
https://en.wikipedia.org/wiki/Jumbo_mortgage
Jumbo mortgages are often a confusing idea to newer prospective homeowners, but these products have the right name. The term jumbo mortgages, coined around 30 years ago, applies to any mortgages available above conforming loan limits. Conforming mortgages are those eligible for purchase by Fannie Mae (Federal National Mortgage Association) or Freddie Mac (Federal Home Loan Mortgage Corporation).
http://budgeting.thenest.com/jumbo-mortgage-limit-10136.html
what is the new jumbo mortgage limit
The new jumbo mortgage limit is $417,000.