
Depending on where your new home is located, some conventional or government-backed loan programs allow for a higher loan limit. If you are not looking for a true jumbo loan, be sure to check out all of the available mortgage solutions.
Jumbo loans (also called non-conforming mortgages) are not only used to finance luxury properties, but they also play a vital role in expanding homeownership to people who live in high-cost housing markets where prices are above the national average.
The Jumbo Buster program is a viable alternative to obtaining a traditional jumbo mortgage (loans over $453,100), and offers a wide range of flexibility and savings.