What is a non-conforming conventional loans?

Hi Bridgett, Conforming loans meet the guidelines and loan limits set forth by FNMA/FHLMC/FHA/VA. An example of a non-conforming loan would be a Jumbo loan. I am a mortgage lender licensed in VA & MD and would be happy to answer any additional questions that you may have. Lynn Bossi-Kinsel NMLS#259819 (o) 804-214-3051, Mason-McDuffie Mortgage

Short answer: loans over $417,000.

Also back in the day sub-prime loans would be non-conforming.

Loan amounts of over 417,00, which are called Jumbo Loans.

Conventional loans simply means that it is not a government loan. Conforming means it conforms to Fannie Mae and Freddie Mac rules. Non-conforming means it does NOT conform to Fannie Mae or Freddie Mac rules

Conforming loans are FHA, VA, USDA, and Conventional financing. Each lending program has their own set of guidelines, and if you use one of these lending programs, you have to CONFORM to these guidelines. It's important that loans submitted under these programs conform to the guidelines because these loans are ultimately securitized and bonds are sold against their performance. When a loan is Non-conforming, it simply means that it does not conform to FHA, VA, USDA, or Conventional guidelines. Examples of these types of loans are called Portfolio loans, Jumbo loans, hard money loans, private loans etc.. all of these types of loans would be considered non-conforming.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com