A mortgage that is equal to or less than the dollar amount established by the conforming loan limit set by Fannie Mae and Freddie Mac's Federal regulator. In general, any loan which does not meet guidelines is a non-conforming loan. A loan which does not meet guidelines specifically because the loan amount exceeds the guideline limits is known as a jumbo loan. In the United States, a conforming loan is a mortgage loan that conforms to GSE guidelines. In general, any loan which does not meet guidelines is a non-conforming loan. A loan which does not meet guidelines specifically because the … (0 comments)
conventional mortgages: Conventional Home Loan Basics
- 09/26/13 01:13 AM
These days there are many different home loan programs for you to choose from, one of the most popular and tried loan programs available is a conventional loan. A conventional home loan is any mortgage which is not guaranteed or insured by any government agency. One of my biggest specialties is helping clients with their Manhattan, Brooklyn and Long Island conventional loan needs and questions. I created this page to inform you on the details of a conventional loan.
Conventional loans are one of the original home loan products. They follow guidelines set by Fannie Mae. Fannie Mae is a … (2 comments)
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Conventional Home Loans
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