Jumbo Mortgage Limit 2016

That number has been raised to $554,300 for 2016. The FHA followed suit. you would have been thrown into the jumbo loan category, requiring significantly more cash out of pocket. This is why the.

Mortgage rates have dropped to levels not seen since 2016, and homeowners are rushing to refinance. for an independent broker at findamortgagebroker.com). If you need a jumbo mortgage and are a. Jumbo mortgages, or jumbo loans, are those that exceed the dollar amount loan-servicing limits put in place by GSE’s Freddie Mac and Fannie Mae.