As a result of refinancing, your total finance charges may be higher over the life of the loan.

What is a Jumbo Loan?

For the most part, jumbo loan programs are offered by Nations Lending as a way to provide our borrowers the opportunity to finance higher-priced homes. By definition within the banking community, a jumbo loan is a home loan with an amount that exceeds conforming loan limits imposed by Fannie Mae and Freddie Mac, the two government-sponsored enterprises that buy mortgages from lenders. The conforming loan limit for a large portion of the United States is $417,000 for a single-family home; however, the exact conforming loan limit is county specific to the property, and is published annually by the Federal Housing Finance Agency which assumes regulatory control over Fannie and Freddie. If the purchase price, or the refinanced amount needed, exceeds these published loan maximums, then a jumbo loan program will need to be considered by you and your Personal Mortgage Advisor.


Jumbo loans are normally available through Nations Lending for primary residences, investment properties, and vacation and 2nd homes. Borrowers who have low debt-to-income ratios, good credit scores, along with a large down payment, can typically find financing on properties exceeding conforming loan limits. Jumbo loan types have similar attributes to conforming loan programs, with fixed rate & adjustable rate terms available to Nations Lending's borrowers.