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Jumbo Loan. A loan that is jumbo also referred to as a jumbo home loan, is a kind of funding that surpasses the restrictions set because of the Federal Housing Finance Agency (FHFA).

Jumbo Loan. A loan that is jumbo also referred to as a jumbo home loan, is a kind of funding that surpasses the restrictions set because of the Federal Housing Finance Agency (FHFA). What exactly is a Jumbo Loan? How a Jumbo Loan Works A jumbo loan is not eligible to be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac unlike conventional mortgages....

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