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Jumbo Mortgages
| No. of Units | Contiguous 48 states, District of Columbia and Puerto Rico | Alaska, Hawaii, Guam & US Virgin Islands |
| 1 | $417,000 | $625,500 |
| 2 | $533,850 | $800,755 |
| 3 | $645,300 | $967,950, |
| 4 | $801,950 | $1,202,925 |
Fannie Mae has added the "High Balance" mortgage products in 2009. You must check the HUD website for your county to find out the max temporary loan limit. Some countys go as high as $730,000. Here is the link.
The interest rates on these products under the Fannie Mae DU Refi Plus and the Freddie Mac Home Relief program are just about 1 tick worse than conforming rates. They are much better than jumbo rates. In order to qualify for a high balance loan your loan must be owned by either Fannie Mae or Freddie Mac. You can find out if this is the case by going to: Does Fannie Mae own my mortgage or Does Freddie Mac own my mortgage.
Super jumbo mortgages are available up to $2 million dollars at most major banks, however a few of our investors will go up to $10 million for both purchase money and refinance mortgages.
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