Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. Rates on jumbo loans are typically higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes. Typically Jumbo Loans require a higher down payment than traditional loans.
This document is limited to current Silverbrook Mortgage, LLC, and should not be construed as legal advice, legal opinion, or any other advice on specific facts or circumstances. Such policy and practice is subject to change. The recipient should contact its legal counsel for legal advice. For business and professional use only. All loans subject to approval and not all products are available in every state. Certain conditions and fees apply. Silverbrook Mortgage, LLC, NMLS #2043322. Equal Housing Opportunity – All Rights Reserved. 1/2023