| Loans above the maximum loan amount established by Fannie Mae and Freddie Mac are considered Jumbo (non-conforming) loans. Jumbo loans often have a slightly higher interest rate than conforming loans. The non-conforming loans are offered on Fixed Rate and Adjustable Rate mortgage programs.
Justice FCU follows different investor’s guidelines for underwriting and pricing on these Jumbo non-conforming loans. The Jumbo-Conforming loan limit was authorized by the Economic Stimulus Act of 2008 and will expire December 31, 2008. It establishes a temporary increase to conventional loan limits in high-cost areas, as defined by HUD. Please consult a Justice FCU Mortgage Counselor for conforming loan limits in your state and county. The interest rates for this program are lower than Jumbo rates and slightly higher than Conforming rates. Please check with your mortgage counselor for current interest rates on this program.
More Information
For more information, please visit our Mortgage
FAQs.
Find a Realtor and Earn a Rebate
Click here to find a realtor and earn a
home rebate.
How To Apply
Apply Online
Apply by phone or at a branch.
|
