• A jumbo mortgage is a home loan for an amount that exceeds conforming loan limits established by regulation

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• A Jumbo loan is any amount in Michigan that is over $766,550

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• Jumbos can be on a fixed or ARM structure

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• The variety of term options are limited, compared to a conventional platform

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• 10% equity is required for all Jumbos

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• Max loan amount $2,500,000