Jumbo mortgages, also known as non-conforming mortgages, are home loans that exceed the Fannie Mae and Freddie Mac’s conforming limit of $453,100 (in most areas). The Federal Housing Finance Agency (FHFA) sets the maximum conforming loan limits for conventional mortgages that can be purchased by Fannie Mae and Freddie Mac. In 2018 the FHFA set the limit at $453,100, however, certain high-cost areas have higher limits. Loan amounts above the conforming limit do not qualify as conventional mortgages, therefore, they will have additional underwriting requirements that vary by lender. AmeriSave offers competitive jumbo mortgage rates for loans up to $1,500,000 depending on your area. Ask an AmeriSave loan originator about conforming limits in your area and see if a jumbo mortgage is right for you.