Non Conventional Mortgage Loans

Simply put, a non-conforming conventional loan (also referred to as a jumbo loan) is a conventional loan not purchased by Fannie Mae or Freddie Mac because it doesn’t meet the loan amount requirements. Instead, non-conforming loans are funded by lenders or private institutions.

A conventional mortgage is one that’s not connected in any way with the government, such as because it’s guaranteed or insured by the FHA.. Non-conforming jumbo loans are those that exceed the.

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