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What is a Jumbo loan and how is it different than a standard conventional mortgage ?

April 26, 2017conventional different Jumbo loan mortgage standard

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What is a Jumbo loan and how is it different than a standard conventional mortgage ?

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Summit South Mortgage defines a Jumbo loan as any loan amount that exceeds $341,000.00. When the loan amount exceeds $341,000.00 the interest rate will increase do to higher risk.