Mortgage
Terms
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A B C D E F G H I J K L M
N O P Q R S T U V W X Y Z
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Jumbo Loan
A loan which is larger (more than $240,000 as of 1/1/99) than the limits set
by the Federal National Mortgage Association and the Federal Home Loan Mortgage
Corporation. Because jumbo loans cannot be funded by these two agencies, they
usually carry a higher interest rate.
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