What is a jumbo loan – A jumbo loan or jumbo mortgage is a home loan for an amount that exceeds the conforming loan limit set on mortgages eligible for purchase by fannie mae and freddie mac the government sponsored

What is a jumbo loan in texas – For all counties in texas the conforming loan limit is 510 400 meaning any loan amount that is greater than 510 400 is considered a jumbo loan. Fixed rate adjustable rate jumbo