Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a Non-Conforming loan?

0
Posted

What is a Non-Conforming loan?

0

A Non-Conforming loan is any loan amount that is higher than the conforming loan limits set by Fannie Mae and Freddie Mac–typically a $417,001 loan amount or higher for a single family residence.

0

A non conforming loan is a loan that fails to meet specific bank specifications. Non conforming loans are usually more obtainable for people with bad credit than conforming loans, but they usually have a higher interest rate. For more information, look here: http://en.wikipedia.org/wiki/Non-conform…

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123