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Alameda

Financial Services

Jumbo Loan For California Home Buyers

Alameda, California - 03 Mar, 2017
  • Jumbo Loan For California Home Buyers
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Description

A jumbo loan is a mortgage that exceeds the conforming high-balance loan limits which are set by two government sponsored entities - Fannie Mae and Freddie Mac.These two government entities are the nicknames of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. These entities purchase mortgage loans from mortgage lenders and banks and provide financial security to them.

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