Fairfield County Jumbo Mortgage

March 3, 2010
Matt Isleib

 

In Fairfield County Connecticut a jumbo mortgage is a loan amount more than 417,000. Any loan amount over that would be considered a jumbo mortgage. The good news for homeowners and potential ones in this area are both Fannie Mae and Freddie Mac has what is called a conforming jumbo mortgage.

The conforming jumbo mortgage allows a loan limit up to $708,750 in Fairfield County CT. So borrowers would not have to apply for harder to get jumbo mortgages. The interest rates are typically a quarter percent or so higher than that of a conventional mortgage of 417,000 or less. However jumbo mortgages can often times be three quarters to a full point higher than conventional loan so the conventional jumbo mortgage is the way to go.

Go to www.EversleyCapital.com to find the best conventional jumbo mortgage rates.