When the conventional mortgage just isn't enough, you may need to look into a Jumbo Loan.
A jumbo loan (or jumbo mortgage) is a type of financing where the loan amount is higher than the conforming loan limits set by the Federal Housing Finance Agency (FHFA). The 2020 loan limit on conforming loans is $510,400 in most areas and $765,600 in high-cost areas. Jumbo loans exceed conforming loan limits and can be harder to qualify for.
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