Remember that the subject is never part of a prepositional phrase. The subject of a verb will never be part of a prepositional phrase. A prepositional phrase begins with a preposition [in, on, at, between, among, etc.] and ends with a noun, pronoun, or gerund.
Jumbo loan limits in California range from $417,000 to over $600,000. The median value of a home in California is more than double the median values of homes for United States as a whole, even though the median income is only slightly higher.
Borrowers who need to borrow more than the FHA loan limits for their housing market will need to apply for a jumbo loan. In order to qualify for a jumbo loan, whether for a purchase or refinancing, borrowers typically need to make a down payment of 20 percent or more or have home equity of at least 20 percent.