783.3: Home Buying Hacks: Down Payments, Financing, and Home Insurance w/Chris Hutchins
BiggerPockets Real Estate Podcast
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How Much Is a Jumbo Loan?
Every area has a difference, what they call it like a conforming limit. This is how much you could borrow before it's considered to be risky. Once you have to get a loan balance higher than that, you're not going to get a Fannie Mae Freddie Mac loan. The rates are usually a little bit higher on jumbo loans. So putting more money down doesn't help you as much as you think.
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