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Jumbo mortgage
A mortgage loan larger than the maximum eligible for purchase by the two Federal agencies, Fannie Mae and Freddie Mac.
Veterans Administration Loans (VA)
VA loans are restricted to qualifying U.S. veterans for the purchase of a home with no down payment and lowered closing costs.
Graduated-payment mortgage (GPM)
A mortgage loan requiring lower payments in early years than in later years. Payments increase each year until the installments are sufficient to pay off the loan.
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