What is a Jumbo Loan?
A Jumbo Loan is a loan larger than the largest conforming loan amount available.
In Ventura County, a Jumbo Loan amount begins at $713,001 as the highest conventional loan balance available in Ventura County is $713,000.
While most conforming loan money is made available from Fannie Mae and Freddie Mac, Jumbo Loan money comes from a different set of investors who make a different set of rules on how to qualify for this level of financing.
Sophisticated and creative financing programs are widely available for those borrowers looking for loan amounts from $700,000 to many millions of dollars.