Jumbo

A jumbo loan is a loan that exceeds the statutory size limit eligible for purchase or securitization by federal agencies other than FHA and VA. If your loan will be greater than $322,700 then you fall into the jumbo loan category. These loans historically command a higher rate interest. Because fees and rates are affected by loan size you need to be very price aware.

McCue Mortgage makes jumbo loans up to $2,000,000 which can have either fixed or adjustable interest rates.