(US) A mortgage loan that may have high credit quality, but is for an amount higher than conventional conforming loan limits.
(US) A mortgage loan that may have high credit quality, but is for an amount higher than conventional conforming loan limits.
Add your own interpretation of "jumbo mortgage".
Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
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Browse all slang words starting with J.
(US, finance) A fixed- or adjustable-rate, fully amortized loan secured by a mortgage or deed of trust that is not insured or guaranteed by an agency of the federal government (such as FHA or VA). (Source: Office of Thrift Supervision [https://web.archive.org/web/20060618191009/http://www.ots.treas.gov/glossary/gloss-c.html]).
(chiefly, southern, _, US, idiomatic, dated, legal, finance) A loan arrangement in which all of the money borrowed from a lender, for whatever purpose, is secured by one's home, land, and other property.
(US, finance) Of a mortgage loan, that does not conform to the traditional standards of Fannie Mae, but is presented as having an A credit rating, based on the borrower's FICO credit score.
(slang, US) A loan at usurious interest rates, normally made by members of organized crime.