Jumbo Mortgages/Adjustable Rate Loans
Similar to conforming loans, a “Jumbo Loan” mortgage allows loan amounts to exceed the limits set by the Office of Federal Housing Enterprise Oversight (OFHEO), and therefore are not eligible to be purchased, guaranteed or, securitized by Fannie Mae or Freddie Mac. The conforming limit is $647,200 in most areas. Rates are typically slightly higher and qualifying standards are stricter than conforming loans.
Jumbo loans are loans that range from $647,200 up – Contact a CCNB representative for rates.
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CCNB’s mortgage specialists will use our ‘We Can Do That!’ spirit to help you get moving!
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Click below to contact a CCNB mortgage representative to schedule a complimentary, no-obligation consultation with one of our mortgage specialists.
- All loans subject to credit approval.