A jumbo loan is a mortgage that exceeds the conforming loan limits established by the Federal Housing Finance Agency (FHFA) for the property's location and number of units. Because jumbo loans exceed the applicable conforming loan limits, they generally are not eligible for purchase by Fannie Mae or Freddie Mac. Jumbo financing can provide options for qualified borrowers purchasing or refinancing higher-priced properties. Depending on the lender and loan program, jumbo mortgages may offer fixed or adjustable interest rates and various repayment terms. Qualification requirements may include credit history, income documentation, down payment or equity, and cash reserves. Requirements vary by lender and loan program. At Endless Dreams Mortgage & Realty, we'll help you explore available jumbo financing options based on your property, qualifications, and financial goals..