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Jumbo loans come at a high price for home financing but this is above conventional loans. The standard of conventional loan is set by the two government-sponsored enterprises- Fannie Mae and Fredric Mac. This is designed to finance luxury properties in highly competitive real estate markets. The loans which are above the conforming limits they can...

Jumbo loans are also known as non conforming loans. These are loans where the amount exceeds the Freddie Mac limit. The rate of jumbo loans differs from place to place. The Jumbo Texas mortgage rate or limit is $417,000. For areas like California where the cost is higher the limit could be as high as $729,000. However there has been a further ...