Comforming and Jumbo Loans

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“What’s the difference between a conforming and a jumbo loan?”

***ANSWER:
Conforming loans are residential loans for 400K and below. Their rates are typically 1/8% to 1/4% lower than jumbo loans (over 400K).

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Licensed since 1984, San Diego real estate broker Gary Kent is a recognized authority on real estate. In addition to selling over 5,500 homes for clients, he has been an expert court witness, trainer of other agents, and he does seminars on home buying, home selling, and investing. Gary has sold homes for The Salvation Army, dozens of major banks, and Fannie Mae, amongst others. You can find Gary on Facebook, Instagram and YouTube.

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