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Home »  Forums » Consumers - Questions, Answers, Help » Mortgage Questions » Approved for a Jumbo Loan - Should have Qualified for Conforming Rate

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Latest Post: Wed, Dec 3 2008 2:38 PM by Anonymous
  		• Wed, Dec 3 2008 2:38 PM
    • Anonymous
    Approved for a Jumbo Loan - Should have Qualified for Conforming Rate
    I purchased a home in NY,NY on July,1 2008. At the time we were approved for a jumbo loan for $900,000. When we actually purchased the home we only needed $700,000. My understanding that we should have qualified for conforming loan rate. Is that the case?
     
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