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Meaning of "jumbo loan" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF JUMBO LOAN

jumbo loan  [ˈdʒʌmbəʊ ləʊn] play
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GRAMMATICAL CATEGORY OF JUMBO LOAN

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Jumbo loan is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES JUMBO LOAN MEAN IN ENGLISH?

Jumbo mortgage

In the United States, a jumbo mortgage is a mortgage loan that may have high credit quality, but is in an amount above conventional conforming loan limits. This standard is set by the two government-sponsored enterprises, Fannie Mae and Freddie Mac, and sets the limit on the maximum value of any individual mortgage they will purchase from a lender. Fannie Mae and Freddie Mac are large agencies that purchase the bulk of U.S. residential mortgages from banks and other lenders, allowing them to free up liquidity to lend more mortgages. When FNMA and FHLMC limits don't cover the full loan amount, the loan is referred to as a "jumbo mortgage". Traditionally, the interest rates on jumbo mortgages are higher than for conforming mortgages, however with GSE fees increasing, Jumbo loans have recently seen lower interest rates than conforming loans. On February 13, 2008 President George W. Bush signed the Housing and Economic Recovery Act of 2008 which temporarily increased the jumbo conforming limit in the United States. The limit was raised to $729,750 or 125% of the median home value within the metropolitan statistical area, whichever is the lesser.

Definition of jumbo loan in the English dictionary

The definition of jumbo loan in the dictionary is a loan that exceeds the standard maximum amount offered by a financial institution.

WORDS THAT RHYME WITH JUMBO LOAN


alone
əˈləʊn
anticyclone
ˌæntɪˈsaɪkləʊn
blown
bləʊn
chalone
ˈkæləʊn
clone
kləʊn
cologne
kəˈləʊn
cyclone
ˈsaɪkləʊn
flown
fləʊn
loan
ləʊn
lone
ləʊn
overblown
ˌəʊvəˈbləʊn
Pantalone
ˌpæntəˈləʊn
prednisolone
prɛdˈnɪsəˌləʊn
pregnenolone
prɛɡˈnɛnəˌləʊn
quinolone
ˈkwɪnəˌləʊn
Sloan
sləʊn
Sloane
sləʊn
triamcinolone
ˌtraɪæmˈsɪnəˌləʊn
violone
ˈvaɪəˌləʊn
windblown
ˈwɪndˌbləʊn

WORDS THAT BEGIN LIKE JUMBO LOAN

jumart
jumbal
jumbie
jumble
jumble sale
jumbler
jumblingly
jumbly
jumbo
jumbo jet
jumbo pack
jumboise
jumboize
jumbuck
jumby
jumelle
Jumna
jump
jump at
jump bail

WORDS THAT END LIKE JUMBO LOAN

amortized mortgage loan
balloon loan
bank loan
bridging loan
call loan
consolidation loan
demand loan
deposit loan
hard loan
home improvement loan
home loan
interlibrary loan
local loan
microloan
on loan
personal loan
savings and loan
soft loan
student loan
time loan
top-up loan

Synonyms and antonyms of jumbo loan in the English dictionary of synonyms

SYNONYMS

Translation of «jumbo loan» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF JUMBO LOAN

Find out the translation of jumbo loan to 25 languages with our English multilingual translator.
The translations of jumbo loan from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «jumbo loan» in English.

Translator English - Chinese

巨额贷款
1,325 millions of speakers

Translator English - Spanish

préstamo jumbo
570 millions of speakers

English

jumbo loan
510 millions of speakers

Translator English - Hindi

जंबो ऋण
380 millions of speakers
ar

Translator English - Arabic

قرض الجامبو
280 millions of speakers

Translator English - Russian

Jumbo кредит
278 millions of speakers

Translator English - Portuguese

empréstimo jumbo
270 millions of speakers

Translator English - Bengali

জ্যাম্বো ঋণ
260 millions of speakers

Translator English - French

prêt jumbo
220 millions of speakers

Translator English - Malay

Pinjaman jumbo
190 millions of speakers

Translator English - German

Jumbo-Anleihe
180 millions of speakers

Translator English - Japanese

ジャンボ·ローン
130 millions of speakers

Translator English - Korean

점보 대출
85 millions of speakers

Translator English - Javanese

Jumbo loan
85 millions of speakers
vi

Translator English - Vietnamese

cho vay jumbo
80 millions of speakers

Translator English - Tamil

ஜம்போ கடன்
75 millions of speakers

Translator English - Marathi

जंबो कर्ज
75 millions of speakers

Translator English - Turkish

Jumbo kredisi
70 millions of speakers

Translator English - Italian

prestito jumbo
65 millions of speakers

Translator English - Polish

jumbo kredyt
50 millions of speakers

Translator English - Ukrainian

Jumbo кредит
40 millions of speakers

Translator English - Romanian

împrumut jumbo
30 millions of speakers
el

Translator English - Greek

jumbo δανείων
15 millions of speakers
af

Translator English - Afrikaans

jumbo lening
14 millions of speakers
sv

Translator English - Swedish

jumbo lån
10 millions of speakers
no

Translator English - Norwegian

jumbo lån
5 millions of speakers

Trends of use of jumbo loan

TRENDS

TENDENCIES OF USE OF THE TERM «JUMBO LOAN»

The term «jumbo loan» is regularly used and occupies the 80.661 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
63
/100
The map shown above gives the frequency of use of the term «jumbo loan» in the different countries.
Principal search tendencies and common uses of jumbo loan
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «jumbo loan».

FREQUENCY OF USE OF THE TERM «JUMBO LOAN» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «jumbo loan» during the past 500 years. Its implementation is based on analysing how often the term «jumbo loan» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about jumbo loan

EXAMPLES

10 ENGLISH BOOKS RELATING TO «JUMBO LOAN»

Discover the use of jumbo loan in the following bibliographical selection. Books relating to jumbo loan and brief extracts from same to provide context of its use in English literature.
1
Salomon Smith Barney Guide to Mortgage-Backed and ...
Recent average loan balances for jumbo loan MBSs have been around $300,000 to $350,000, almost three times the average balance in agency MBS pools. This implies that the costs of refinancing will be less of a hurdle for jumbo loan ...
Lakhbir Hayre, 2002
2
The Handbook of Nonagency Mortgage-Backed Securities
We have chosen this pairing methodology because the gross WAC behind a 7.0 % mortgage is just a bit over 7.5%. The spread between a conforming size loan and a jumbo loan is 25 basis points. Thus, 1992-originated jumbos with gross ...
Frank J. Fabozzi, CFA, Chuck Ramsey, Michael Marz, 2000
3
The Mortgage Answer Book: Choosing the Right Loan for You
As the name implies, a jumbo loan is a loan for a large amount of money. A loan is a jumbo if it exceeds the maximum amount of Fannie Mae and Freddie Mac programs. Because exceeding the loan amount allowed by Fannie Mae and ...
John Talamo, 2005
4
All About Mortgages:
Mortgage Products: The Jumbo Loan Jumbo loans are an investment tool they're not for the average borrower. Or so we thought. Today, however, thanks to the boom in real estate prices, and the ever declining value of the dollar, more and ...
GSOLUTONS, 2014
5
Securitization: Structuring and Investment Analysis
A jumbo loan prepayment model can incorporate these variables that are not available for conforming loans. The jumbo model uses mortgage data described on a loan-level basis versus a pool-level basis to forecast jumbo prepayments.
Andrew Davidson, 2003
6
California Real Estate Finance
Whereas in the past, jumbo loan interest rates were priced at approximately one- quarter percent higher than the normal conforming loan, by early 2009, jumbo financing had become not only largely unavailable but nearly unaffordable. To add ...
Robert J. Bond, John Fesler, Rick Boone, 2010
7
Decoding the New Mortgage Market: Insider Secrets for ...
The Secret VA Jumbo Loan Can Help Borrowers Another twist in VA lending is the so-called ''VA jumbo'' mortgage loan. Recall that any loan amount above the conforming loan limit would be considered ''jumbo'' and subject to much higher ...
David REED, 2009
8
Mortgages For Dummies
When Congress passed The Economic Stimulus Act of 2008 (The Act), it also temporarily created a brand-new type of mortgage neatly notched between a conforming loan and a jumbo loan. For the moment, we have three tiers of mortgages: ...
Eric Tyson, Ray Brown, 2008
9
The Complete Idiot's Guide to Buying a Home
However, as part of the restructuring of financial terminology and regulations that has developed since the current financial crisis has arisen, there is a new loan size: the agency jumbo loan. This is a loan made for a principal amount that's ...
Peter Richmond, 2010
10
Reverse Mortgages For Dummies
Jumping. into. Jumbo. Cash. Accounts. In This Chapter Getting to know Jumbo Cash Accounts Qualifying for a jumbo loan Understanding interest Finding out about closing costs Checking out your loan options ...
Sarah Glendon Lyons, John E. Lucas, 2011

10 NEWS ITEMS WHICH INCLUDE THE TERM «JUMBO LOAN»

Find out what the national and international press are talking about and how the term jumbo loan is used in the context of the following news items.
1
Not Much Motion in Capital One, Quicken Mortgage Rates Jul 17 …
15 year Jumbo loan deals are published at 3.000% and APR of 3.055%. The 5/1 ARMS stand at 3.000% at Capital One with a starting APR of ... «Highlight Press, Jul 15»
2
D.C. and the rise of the $1 million home
She said a combination of low interest rates and jumbo loan products from banks have given buyers the capital they need to make large ... «Washington Business Journal, Jul 15»
3
US Bankcorp, PHH Mortgage Current Mortgage Rates Today Jul 16 …
15 year Jumbo loan interest rates are on the books at 3.750% today and an APR of 4.008%. The VA 15 year fixed rate mortgages are 4.000% ... «Modern Readers, Jul 15»
4
30 Year Mortgage Rates at US Bankcorp, Wells Jul 18, 2015 …
15 year Jumbo loan interest rates are being offered for 3.750% today and an APR of 4.008%. 15 year VA fixed rate loan interest rates have ... «Modern Readers, Jul 15»
5
Home Loans: Mortgage Rates at TD Bank, Capital One Jul 17, 2015
30 year FRMs at Capital One Financial (NYSE:COF) have been published at 3.625% today and an APR of 3.676%. 30 year jumbo loan deals at ... «Modern Readers, Jul 15»
6
Mortgage Limits May Increase - WSJ
Typically, it's also easier to qualify for a conforming loan than a jumbo loan. Mortgages backed by Fannie Mae and Freddie Mac usually have ... «Wall Street Journal, Jul 15»
7
Mortgage applications on the decline
The average contract interest rate for 30-year FRMs with jumbo loan balances (greater than $417,000) edged up 2 basis points -- from 4.18% to ... «ConsumerAffairs, Jul 15»
8
Mortgage Applications Fell 1.9% Last Week: MBA
The same loan type with jumbo loan balances rose to 4.2% from 4.18%. The same loan type backed by the Federal Housing Administration ... «National Mortgage News, Jul 15»
9
MBA: Applications For Refinances Increased While Purchase …
The average rate for a 30-year FRM with jumbo loan balance (greater than $417,000) was 4.20%, up slightly from 4.18% the week prior. «Mortgageorb, Jul 15»
10
Mortgage Rate Summary for Capital One, Citi Mortgage Jul 12, 2015
30 year jumbo loan interest rates are being offered for 3.500% at the bank and an APR of 3.521% which is of course a bit higher than the ... «Modern Readers, Jul 15»

REFERENCE
« EDUCALINGO. Jumbo loan [online]. Available <https://educalingo.com/en/dic-en/jumbo-loan>. Apr 2024 ».
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