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Jumbo Loans


What is a Jumbo Loan?
Fannie Mae and Freddie Mac buy mortgages from lenders and either hold those mortgages or bundle them as mortgage backed securities to be sold on the stock market. These agencies set limits on the types of loans they buy. Those that fall within those limits are known as Conforming loans.
Loan limits for Conforming Loans are $424,100 and $636,150 in high-cost areas. If you are considering buying a home in a high-cost area, you still may be able to obtain a Conforming loan for up to $636,150.
A Jumbo loan is one that falls above these loan limits and is therefore considered a Non-Conforming loan. Jumbo loans are ineligible for purchase by Freddie Mac and Fannie Mae and must be sold on what is referred to as the secondary market. Loans sold on the secondary market typically have more stringent credit requirements and may require a larger down payment.
Why choose a Jumbo Loan?
A Jumbo loan is a possible option to consider if you are thinking about purchasing a higher-priced home. Jumbo loan rates have reached historic lows in recent years. If you have a decent down payment, a higher credit score and a lower debt-to-income ratio, a Jumbo loan could be a good way to purchase the home of your dreams. George Mason Mortgage Jumbo loans are available in both fixed and adjustable rate products and can be used for primary residences, second homes, vacation homes and investment properties.

Ask your George Mason Mortgage Loan Originator if Jumbo financing is right for you.

The Federal Housing Finance Agency (FHFA) publishes annual conforming loan limits that apply to all conventional mortgages delivered to Fannie Mae and Freddie Mac, including general loan limits and the high-cost area loan limits. High-cost area loan limits vary by geographic location. For more information:

Loan Options

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We can help find the best solution for your mortgage needs by finding a Loan Officer:

4100 Monument Corner Dr., Suite 100
Fairfax, VA 22030

Toll Free: 800-867-6859

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Our Mortgage Loan Originators are registered and comply with the National Mortgage Licensing System (NMLS) and Registry. NMLS Consumer Accesssm,, is a free service for consumers to confirm that the financial-services company or professional with whom they wish to conduct business is authorized to conduct business in their state. George Mason Mortgage's NMLS ID is 153400.

This is not a commitment to lend. All loan applications are subject to credit and property approval. Annual Percentage Rate (APR), and program, rates, fees, closing costs, terms and conditions are subject to change without notice and may vary depending upon credit history and transaction specifics. Other closing costs may be necessary. Flood and/or property hazard insurance may be required. To be eligible, buyer must meet minimum down payment, underwriting and program guidelines.

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