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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