Hi, I am Dawn Balch. I am from Florida. I am 27 years old. I love to write blogs and articles regarding finance. I am working for a mortgage company. It's just a loan that doesn't meet Fannie Mae or Freddie Mac guidelines or exceeds traditional loan limits, called a jumbo mortgage. For example, in most states, home loans that exceed $417.00 to $1,000,000 are considered jumbo loans. In addition, jumbo loans have slightly higher interest rates than traditional home loans. This is because each loan, when sold to investors, is packaged in million-dollar packages. To know more about jumbo loan requirements, you can contact mortgage specialists.