30-year fixed and jumbo

rogers

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#1

30-year fixed and jumbo

05-26-2014, 09:47 PM

what is the difference between 30-year fixed and 30-year fixed jumbo?
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disneysteve

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#2

05-27-2014, 04:03 AM

Originally posted by rogers View Post

what is the difference between 30-year fixed and 30-year fixed jumbo?

Jumbo refers to the amount of the loan. I think the cut off is somewhere around $415,000 but there are designated high cost areas where the limit is different so it varies a bit from place to place.

Steve

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