What Is A Jumbo Loan? | LowerMyBills

If your dream home is on the pricier side, a regular mortgage may not be enough to cover the cost. That’s where jumbo loans come in.

Jumbo loans are large home loans that exceed the standard mortgage limits set by the federal government. By having no maximum limit, jumbo loans can be useful if you’re shopping for a home that’s more expensive. However, keep in mind that these loans come with certain borrower requirements.

This video will walk you through the process and requirements in order to be approved for a jumbo loan!

Featuring Annie Margarita Yang, Personal Finance Writer

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