Jumbo Loan Love Machine 16 years ago Jumbo Loan A loan that exceeds a $1 billion sum or a loan that exceeds the limits set by the Federal Reserve for securitization. These loans cannot be guaranteed by Freddie Mac or Fannie Mae. Recommended for you: Freddie Mac (Federal Home Loan Mortgage Corporation) E-LOAN Paying 1.020% APY on 12-Month Jumbo CDs ableBanking Paying 1.000% APY on 12-Month Jumbo CDs CIT Bank Paying 1.750% APY on 60-Month Jumbo CDs