Jumbo Loans 
 Jumbo mortgage loans are for borrowers that seek loan amounts higher than conventional conforming loan limits.
*  Available in 15, 20 and 30-year fixed rate terms 
*  Adjustable loans available with 3/1, 5/1 , 7/1  and 10/1 adjustable-rate terms
*  Loan amounts from 750,000 to 5,000,000 
Also called non-conforming conventional mortgages, jumbo loans are considered riskier for lenders because these loans can't be guaranteed by Fannie Mae and Freddie Mac meaning the lender is not protected from losses if a borrower defaults. Jumbo loans are typically available - with either a fixed interest rate or an adjustable