Stewart Brown Jr – Mortgage Loan Originator – Purchase or Refinance
| Super jumbo mortgage loans are essential for high-net-worth and ultra-high-net-worth individuals looking for purchase or refinance loans ranging from $5 to $30 million or more. A super jumbo mortgage is a loan that far exceeds the Federal Housing Finance Agency’s conforming loan limits. In 2023, the conforming limit in most counties is $726,200 for single-family residences. A “jumbo” loan amount is therefore at least $726,201. A “super jumbo” loan starts much higher, typically $5 million.
Each year, the FHFA sets the exact limits shown in the first three columns of the above table for conforming, super-conforming (high-cost areas), and jumbo loans. For super jumbo loans, however, that is a grayer territory. There is no FHFA definition for super jumbo loans. Generally speaking, depending on the lender, a super jumbo loan is usually anywhere from $5 million to $30 million. Therefore, when it comes to jumbo vs super jumbo mortgage, super jumbo mortgages are in their own special category:
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| Super jumbo mortgage loans are essential for high-net-worth and ultra-high-net-worth individuals looking for purchase or refinance loans ranging from $5 to $30 million or more. A super jumbo mortgage is a loan that far exceeds the Federal Housing Finance Agency’s conforming loan limits. In 2023, the conforming limit in most counties is $726,200 for single-family residences. A “jumbo” loan amount is therefore at least $726,201. A “super jumbo” loan starts much higher, typically $5 million.
Each year, the FHFA sets the exact limits shown in the first three columns of the above table for conforming, super-conforming (high-cost areas), and jumbo loans. For super jumbo loans, however, that is a grayer territory. There is no FHFA definition for super jumbo loans. Generally speaking, depending on the lender, a super jumbo loan is usually anywhere from $5 million to $30 million. Therefore, when it comes to jumbo vs super jumbo mortgage, super jumbo mortgages are in their own special category:
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Reach out to me for further detailed information on Super Jumbo loan programs.