Finance
A Wisconsin 'jumbo loan' is one that:
AExceeds the conforming loan limit set by FHFA and cannot be sold to Fannie Mae or Freddie Mac in the normal secondary market✓ Correct
BIs guaranteed by a government agency
CRequires a 50% down payment
DIs only available in Milwaukee County
Explanation
A jumbo loan exceeds the conforming loan limit set by the Federal Housing Finance Agency (FHFA) and therefore cannot be sold to Fannie Mae or Freddie Mac, requiring the lender to hold the loan or find other secondary market buyers.
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