High Balance Loans

Conforming Vs Nonconforming Loans

Non-conforming loans, also called jumbo loans, are mortgage loans that are made on properties that are not eligible for insurance by the government programs, Fannie Mae and Freddie Mac. Banks and other financial institutions make loans insured by these agencies who then package them and sell them to investors. These are called conforming loans.

The usual conforming loan limit is $424100, but this figure may be higher for more expensive areas like New York or San Francisco. Read about the down.

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