Jumbo – Jumbo loans are exactly how they sound. Large loans in usually very nice areas. These are loans that range higher than High Balance loans depending on the area. The Jumbo loan is good for move up buyers and buyers of higher income. The rates and terms will vary but may have a higher rate of interest. Loan Amounts up to 3 million for the right buyer. Start today with a Prequalification through Medallion Mortgage, Inc