An effective jumbo financing inside California are a loan amount one to is higher than the fresh compliant condition financing restrictions set by the Federal Houses Financing Company (FHFA).

A great jumbo mortgage are a conventional (not authorities-insured) real estate loan. Since jumbo finance dont adhere to the loan constraints lay out-by brand new FHFA, they aren’t eligible for buy because of the government-supported agencies such as for instance Federal national mortgage association and Freddie Mac, the 2 authorities-paid enterprises (GSEs) one to purchase and sell included mortgage loans.