Jumbo Mortgage Loan - Super Jumbo Loans

The term "jumbo loan" generally refers to a mortgage loan for an amount above and beyond normal mortgage limits.

Conventional mortgages usually have certain restrictions on how high the total mortgage amount equals. Agencies such as Fannie Mae and Freddie Mac have a limit on the maximum value of any mortgage which they will purchase from a lending institution.

In today's market, homes are often purchased which cost more than the normal mortgage limits. This includes extravagant luxury homes, as well as reasonably-sized family homes. Real estate prices have gone up a lot in recent years, causing many homes' values to rise above the "normal" mortgage limit.