What is a Jumbo Loan?
A conventional mortgage falls within the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac. Any mortgage with a higher principle than that is considered a Jumbo, or non-conforming, mortgage loan. A jumbo loan can be either a fixed or adjustable-rate mortgage.
Jumbo Loan Benefits
When to Choose a Jumbo Loan
Our Mortgage Loan Originators can help you find the best mortgage loan option to match your needs and budget. Jumbo loans carry more risk for the lender, so there are higher standards for credit approval. If you want to explore alternatives, The Fauquier Bank offers a complete menu of mortgage options including conventional loans and government-insured programs like FHA, USDA, and VA loans.
Do more with The Fauquier Bank!
We are a proudly independent community bank with nine branch locations in Northern Virginia: Manassas, Haymarket, Bristow, Gainesville, Warrenton, The Plains, New Baltimore, Catlett, and Bealeton. As one of the only community banks serving Prince William and Fauquier counties, we reinvest our profits back into the local towns we serve. TFB mortgage customers can expect a personalized experience from beginning to end, as our friendly and knowledgeable Mortgage Loan Originators guide you through the application and closing process. To speak with a local mortgage lender, give us a call, chat with us or apply online, or visit your nearest TFB office.
Jumbo Loan FAQs