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jumbo loan

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Financial Dictionary

Jumbo Loan

Any residential or commercial mortgage with a loan amount exceeding the guidelines of Fannie Mae and Freddie Mac.

Investopedia Commentary

Rates tend to be slightly higher on jumbo loans because lenders generally have a higher risk.

Related Links

What Are REITs?

See also: Fannie Mae - Federal National Mortgage Association, Freddie Mac - Federal Home Loan Mortgage Corp, Interest Rate, Jumbo CD, Mortgage, Real Estate Investment Trust - REIT, Risk

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