Jumbo Mortgages are mortgage loans that exceed the “Conforming Loan” maximum limit of $417,000. IF you don’t know what Conforming Loans are, they are loans that conform to Fannie Mae and Freddie Mac guidelines or also known as Conventional Loans. In order for borrowers to obtain a loan for more than $417,000 will need to qualify for the requirements of Jumbo Mortgages. There are a wide array of Jumbo Mortgage loan programs and $417,000 minimum isn’t everywhere because in high cost areas such as Los Angeles, CA the limit is $625,000. Fannie Mae and Freddie Mac have adjusted their loan limits to ensure that in high cost areas a lot of Jumbo Mortgage loans aren’t needed. Jumbo Mortgages are viewed as riskier loans because of the amount financed, and it shows in the requirements for these loans.