281-348-9899
mdurr@prmg.net
Apply Now
Secure Doc Upload
Paramount Residential Mortgage Group Inc. Logo

Blog

Blog Image: What’s the Difference Between a Jumbo and a Super Conforming Loan?

What’s the Difference Between a Jumbo and a Super Conforming Loan?

If you are hoping to buy a home in one of the country’s pricier markets, you may need a special type of mortgage. The main two are jumbo loans and super conforming loans. Here’s what you need to know about each one and which is right for you: Background on the Mortgage Market The U.S. government sets limits on how much of a mortgage it is willing to guarantee. There are two government-backed entities – Fannie Mae and Freddie Mac - that buy back home loans, package hundreds of them in bundles and resell them in small bits on the secondary market. Mortgage lenders like to...

February 3rd, 2021 | Jumbo Loans, What’s the Difference Between a Jumbo and a Super Conforming Loan?