Jumbo loans limits are determined by the Federal Housing Finance Agency (FHFA). Homes that exceed the local conforming loan limit require a jumbo loan. Also called non-conforming conventional mortgages, jumbo loans are considered riskier for lenders because these loans can’t be guaranteed by Fannie and Freddie, meaning the lender is not protected from losses if a borrower defaults. Jumbo loans are typically available with either a fixed interest rate or an adjustable rate, and they come with a variety of terms.
Martin Mortgage Financial based in Tampa is one of Florida’s leading experts in Fannie Mae HomeStyle®, FHA Loans, FHA 203K Renovation Loans, VA Renovation Loans, as well as JUMBO, Conventional, FHA, VA, and USDA Loans. Martin Mortgage Financial is a small, privately owned company, we can offer low mortgage rates and exceptional service. Thank you for visiting our site, and we look forward to earning your business.
10121 E. Adamo Dr.
Ste. 89481
Tampa, FL 33619