Jumbo mortgage loans are loans above the maximum loan amount established by government-chartered corporations Fannie Mae and Freddie Mac. Since these loans don't conform to Fannie Mae and Freddie Mac underwriting guidelines they do not have government guarantees. Jumbo mortgages are generally priced slightly higher than conforming loans, range from $417,001 to $1 million or more.
Blanket Mortgage offers jumbo mortgage loans in a variety of terms for primary residences, vacation homes and
investment properties. All jumbo mortgage loans are subject to program underwriting approval.
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