jumbo loan - a real estate loan larger than the maximum "conforming" loan limit. The actual amount changes frequently, reflecting the willingness of the secondary market to purchase loans of ever-increasing amounts. Currently, the conforming loan limit is $240,000. Jumbo loans are those loans between $240,050 and $650,000. Loans beyond $650,550 are sometimes called super jumbo loans. See also conforming loan, secondary market, and super jumbo loan.

© 2004 Bella Vista Publishing Company, Inc.  ISBN 0-9718225-0-6

.
	Copyright Protection:   This real estate web site is created in the United States of America and protected by copyright laws.  Permission should be obtained prior to any reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording or likewise.
.