Jumbo Mortgage Loan

Example Definitions of "Jumbo Mortgage Loan"
Jumbo Mortgage Loan. A Mortgage Loan with an original principal balance in an amount in excess of the then applicable conventional conforming limits, including general limits and high-cost area limits, for Mortgaged Properties securing Mortgage Loans in such county or local area and which is also intended for purchase by Buyer or Buyer's Affiliates; provided, however, that Jumbo Mortgage Loans shall not include any Mortgage Loan with an original principal balance in excess of $3,000,000.
Found in IMPAC MORTGAGE HOLDINGS INC contract
Jumbo Mortgage Loan. A Mortgage Loan with an original principal balance in an amount in excess of the then applicable conventional conforming limits, including general limits and high-cost area limits, for Mortgaged Properties securing Mortgage Loans in such county or local area and which is also intended for purchase by Buyer or Buyer's Affiliates; area; provided, however, that Jumbo Mortgage Loans shall not include any Mortgage Loan with an original principal balance in excess of $3,000,000. $2,000,000
Found in PennyMac Mortgage Investment Trust contract
Jumbo Mortgage Loan. A Mortgage Loan with an original principal balance in an amount in excess of the then applicable conventional conforming limits, including general limits and high-cost area limits, for Mortgaged Properties securing Mortgage Loans in such county or local area and which is also intended for purchase by Buyer, Buyer's Affiliates or any other national residential mortgage lender acceptable to Buyer or Buyer's Affiliates; in its sole discretion; provided, however, that Jumbo Mortgage Loans shall not... include any Mortgage Loan with an original principal balance in excess of $3,000,000. $2,000,000 View More
Found in PennyMac Mortgage Investment Trust contract
View Variations (2)
Jumbo Mortgage Loan. A Jumbo Prime Mortgage Loan or a Jumbo Traditional Mortgage Loan
Found in PennyMac Mortgage Investment Trust contract
Jumbo Mortgage Loan. A Mortgage Loan that would otherwise be a Conforming Mortgage Loan secured by a first Lien Mortgage except that the original principal amount is more than the maximum Agency loan amount but not more than One Million Five Hundred Thousand Dollars ($1,500,000).
Found in NVR Inc contract
Jumbo Mortgage Loan. A conventional Mortgage Loan secured by a first Lien Mortgage that would otherwise be eligible for Agency sale with respect to documentation as to income and asset values, except that the Purchase Value is more than the maximum Agency loan amount but not more than One Million Dollars ($1,000,000).
Found in M.D.C. Holdings, Inc. contract
All Definitions