Real estate

Big price tags spurs surge in big home loans

Michael and Thia Philbin, with their children Mikey and Kinley, got a jumbo loan to buy their home in Wayland.
Michael and Thia Philbin, with their children Mikey and Kinley, got a jumbo loan to buy their home in Wayland. Lane Turner/Globe Staff

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As home prices in the region have soared so have the size of the mortgages.

House hunters increasingly need to take out jumbo loans — mortgages that exceed $417,000 — to purchase property, especially in and around the Boston region, lenders and analysts said.

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