Jumbo Loans Have Limits

Summary


The new conforming loan limits, good until Dec. 31, have arrived and the new loans at these limits will be called jumbo conforming loans. Los Angeles, Orange and Ventura counties' new loan limit is $729,750.

The big question is, what does this mean to homeowners or home buyers?

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Extract


Jumbo Loans Have Limits

The new loan limits are accompanied by much stricter loan guidelines as established by Fannie Mae, the giant...

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