Glossary J

A

A

B

B

C

C

D

D

E

E

F

F

G

G

H

H

I

I

J

J

K

K

L

L

M

M

N

N

O

O

P

P

Q

Q

R

R

S

S

T

T

U

U

V

V

W

W

X

X

Y

Y

Z

Z

Section J

Jumbo Loan


A mortgage loan exceeding the price limit of the conforming loans that Fannie Mae and Freddie Mac can purchase, which is currently $417,000 or in certain locations above $625,500. Lenders who offer jumbo loans usually charge a higher interest rate.