Finance
A 'jumbo' mortgage in New Hampshire is a loan that:
AIs made to a buyer with a very low credit score
BExceeds the conforming loan limits set by FHFA✓ Correct
CIs only available for commercial properties
DIs guaranteed by the federal government
Explanation
A jumbo (non-conforming) mortgage exceeds the conforming loan limits set by the FHFA. These loans cannot be purchased by Fannie Mae or Freddie Mac and typically have stricter underwriting requirements.
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