Jumbo Loan:
Loans above the maximum loan amount established by Fannie Mae and Freddie Mac are known as 'jumbo' loans. Because jumbo loans are bought and sold on a much smaller scale, they often have a little higher interest rate than conforming, but the spread between the two varies with the economy.
Land Loan:
Loans for raw land like land lot, small parcel of land. Purchase or Refinance.
a. Land Loan up to 50% LTV
