Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits. Rates on jumbo loans are typically higher than conforming loans. Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes. Typically Jumbo Loans require a higher down payment than traditional loans.
California state law requires amongst others the following licensing disclosures: Phrasing: CA Bur of Real Estate - Real Estate Broker; or Real Estate Broker - CA Bur of Real Estate - AND - Broker, agent, Realtor, loan correspondent or abbreviations bro., agt., or other similar terms or abbreviations - AND - Cal BRE License Number 01198434- AND - NMLS Unique Identifier 297860. (California Finance Code 22162, California Business and Professions Code 17539.4, 10140.6).