Table of Contents

• What is considered a jumbo loan in Massachusetts?
• What is a jumbo mortgage 2022?
• Can you put a 10% on a jumbo loan?
• What is the loan limit for 2022 in Massachusetts?

What is considered a jumbo loan in Massachusetts?

A jumbo loan in Massachusetts is any loan that exceeds the conforming loan limit set by the Federal Housing Finance Agency (FHFA). The conforming loan limit for Massachusetts in 2021 is $548,250. Any loan over this amount is considered a jumbo loan.

What is a jumbo mortgage 2022?

A jumbo mortgage in 2022 is any loan that exceeds the conforming loan limit set by the FHFA. The conforming loan limit for Massachusetts in 2022 is $579,750. Any loan over this amount is considered a jumbo mortgage.

Can you put a 10% on a jumbo loan?

Yes, you can put a 10% down payment on a jumbo loan in Massachusetts. However, most lenders require a 20% down payment on jumbo loans. Some lenders may also require an additional 10% equity reserve to protect against any real estate downturns.

What is the loan limit for 2022 in Massachusetts?

The loan limit for Massachusetts in 2022 is $579,750. Any loan over this amount is considered a jumbo loan and requires a 20% down payment and additional equity reserve for most lenders.