Final answer:
Jumbo loans can be more difficult to secure due to their larger amounts and higher risk. Lenders may have stricter requirements and request additional documentation to ensure repayment.
Step-by-step explanation:
Securing a jumbo loan can be more difficult compared to a regular loan. One reason is that jumbo loans are larger in amount, typically exceeding the loan limits set by Fannie Mae and Freddie Mac. Lenders may have stricter requirements for jumbo loans, including higher credit scores, lower debt-to-income ratios, and larger down payments. Another factor is that jumbo loans are considered higher risk for lenders, as they involve larger amounts of money. Lenders may require additional documentation and verification to ensure the borrower's ability to repay the loan. Overall, the difficulty in securing a jumbo loan stems from the higher risk and larger loan amounts involved.