Jumbo loans get their name because they are loans that exceed the conventional loan limits set by Fannie Mae and Freddie Mac (currently anything over $417,000). These loans have more strict guidelines due to the higher loan amounts and are designed for individuals with higher incomes who are interested in buying larger homes.
Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. PRMI NMLS: 3094. PRMI is an Equal Housing Lender. Licensed by the Maine Department of Professional and Financial Regulation, Bureau of Consumer Credit Protection #SLM5619, 989813