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A jumbo mortgage is a mortgage loan which is larger than the limits set by Fannie Mae and Freddie Mac ($322,700 as of 1/1/2003). Since these two agencies will not purchase these types of loans, they usually carry a higher interest rate (to enhance their value and marketability to investors).
Copyright 2004 Lehi Mortgage Services, Inc. All rights reserved.
1073 Hancock
Street Suite 401
Quincy, MA 02169
Tel: 1-617-657-6795
Fax:
1-617-657-6798
info@lehimortgage.com
MA MB3202
CT 16975 (First Mortgage)
CT 16976 (2nd Mortgage)
RI 20001904LB
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