Buying your dream house can get immensely expensive, and that’s where jumbo loans come into the picture.
Why?
Because contrary to conforming loans, a jumbo mortgage lets you exceed your county loan limits, so you’ll be able to purchase a larger house without tapping into your savings. Please bear in mind that this type of loan isn’t guaranteed either by Fannie Mae or Freddie Mac, so it falls to you, the issuer to secure it.