jumbo mortgage
(US) A mortgage loan that may have high credit quality, but is for an amount higher than conventional conforming loan limits.
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(US) A mortgage loan that may have high credit quality, but is for an amount higher than conventional conforming loan limits.
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Semantically related
- conventional mortgage loan63%
(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]).
- anaconda mortgage57%
(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.
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(slang, US) A loan at usurious interest rates, normally made by members of organized crime.
- low-doc loan54%
(US, Australia, banking, finance) A loan or mortgage where the borrower provides only limited proof of their income.