Finance
Hawaii buyers taking out a jumbo loan are borrowing an amount that:
AA. Exceeds the FHA loan limits
BB. Exceeds the conforming loan limits set by FHFA for Fannie Mae/Freddie Mac✓ Correct
CC. Is over $1 million regardless of conforming limits
DD. Is below the VA loan guarantee threshold
Explanation
A jumbo loan exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA) for conventional mortgages purchased by Fannie Mae or Freddie Mac.
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