Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. Rates on jumbo loans are typically higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes. Typically Jumbo Loans require a higher down payment than traditional loans.
Although we are located in Oswego, IL, to help better serve our clients, we also lend in Naperville, Aurora, Plainfield and all throughout the states of Illinois and Wisconsin.