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Originally Posted by Hawkeye
Depends on what you consider jumbo? As I have said with everything else check your local CU (a few of them). As far as I know they do not raise rates for jumbo loans in my area.
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What a jumbo loan is or isn't is not determined by an individual. It's a loan that exceeds the limits set by the FHFA. The maximum conforming amount for 2020 is $510,400 for a single unit occupancy. They're riskier than conventional or FHA loans because they cannot be purchased, guaranteed or securitized. As a result, jumbo loans carry higher interest rates. Any rate table you see will show jumbo loans with a higher interest rate.