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JUMBO

What is considered a Jumbo Loan in Louisiana?

Standard Mortgage has a product to cover all borrowers including the "jumbo" market borrower. This product is available for refinance or new home purchases. SMC Jumbo is designed for creditworthy borrowers in need of a high balance loan at extremely competitive rates.


Contact a Standard Mortgage Corporation office near you for a consultation.

 

What are they? Jumbo mortgages are home loans that are bigger than usual. They exceed the "conforming limit" (the maximum loan amount that Fannie Mae and Freddie Mac will buy).

In Louisiana, the conforming limit is currently $417,000 and the FHA limit is $271,050.

Jumbo mortgages are available for primary residences, second or vacation homes and investment properties, and are available in as fixed-rate and adjustable-rate loans.


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