What are the differences between conforming, jumbo and super jumbo home mortgages?

What Differences Conforming Jumbo Super Jumbo - Politics, Business, Civil, History - Posted: 14th Mar, 2010 - 6:10am

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Post Date: 14th Mar, 2010 - 6:10am / Post ID: #

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What are the differences between conforming, jumbo and super jumbo home mortgages?

What are the differences between conforming, jumbo and super jumbo home mortgages?
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Conforming, Jumbo and Super Jumbo.  No these are not the size of the French fries you can get from McDonalds but the 3 main mortgage loan amount categories.  Conforming is the level set forth by Fannie Mae and Freddie Mac and is currently at $417,000 for the Chicagoland area.   This value is determined by the direction of [...]
Source: Greater Hinsdale, IL Real Estate and News

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