A jumbo loan, also called a jumbo mortgage, is a type of home financing for loan amounts that are
higherthan the limits that the Federal Housing Finance Agency (FHFA) allows Fannie or Freddie Mac
to purchase or guarantee for the state or county the home was purchased in.
In Clark County, Nevada, any loan over $647,200 is considered a jumbo loan.
Simply, jumbo loans are used to finance properties that are too expensive for conforming loans.
Jumbo Loan Highlights:
$30,000,000 Loan Limit
90% Loan to Value
660 FICO Score
Two Appraisals Required for Loans Over $2,000,000
All American Home Mortgage represents 17 Institutional jumbo lenders and averages 18 days to close
your loan from application date.