Jumbo Loans Philadelphia

Buying a new home can be one of the most exciting and challenging processes of your life. Before you consider getting that house of your dreams, you must consider your finances. Sometimes, you simply need more money. If you are hoping to purchase an expensive home, conventional loans may be insufficient. So-called conforming loans are mortgages that conform to limits established by the Federal Housing Finance Agency (FHFA). These loans also meet the guidelines of Fannie Mae and Freddie Mac.

Jumbo loans, however, are different. These loans are non-conforming and are not restricted by certain financing limits. If you need an unconventional mortgage, a jumbo loan may be right for you.