With the proliferation of Mortgage Lenders offering the public large sums of money, the borrower who is buying a larger home now has a variety of Mortgage Programs to choose from. Regular"conventional" or "conforming" mortgage loan shave a maximum loan amount of $333,700 for single family loans.Any amount above this is know as "non-conforming" or"jumbo" loans. Jumbo loans can go into the millions of dollars depending on the value of the property and the credit score of the borrower.

One reason there is so much money available is that the investing public is looking for alternative investments to lower interest earning bank savings accounts, money market accounts,C.D.'s, Corporation and Treasury Bonds. Many are looking to mortgages as an alternative in order to earn a higher interest return and to capture a monthly payment. Mortgage lenders are packaging mortgage sand selling them to the general public as well as to institutional accounts. When a lender makes a loan and then turns around and sells that loan into the market, the lender will keep the servicing amount on the loan, a small percentage of the monthly payment to compensate for keeping the records on the monthly payments etc. This frees the lender up to loan out the money all over again.Lenders can keep doing this and just keep the amount of the closing costs or monthly servicing fee on each loan..thereby loaning out the same money over and over again...earning small percentages each time which, when taken over time, amounts to a vary nice return for the lender. So you can see why there is amble funds available to the borrower.

Most mortgage lenders who offer Large Amount or "Jumbo"loans offer the same number of mortgage programs as are offered to conforming size loans. Here are some examples of Large Amount Mortgage Loans: