NON CONFORMING LOANS

For loans that do not fit within the standard "box." That can be for many reasons, including but not limited to damaged credit. Other examples of loans that fall under the non-conventional category include, 97% & 100% financing, reduced documentation, no documentation loans, investor owned properties, and high loan amounts.

A loan that does not conform to the guidelines established by Fannie Mae or Freddie Mac or exceeds the conventional loan limit is called a Jumbo mortgage loan. These loan amounts can go up to ten million dollars. Loan to value limits for Jumbo mortgage loans ranges depending on the loan amount. This type of loan from our lenders is best for people who want to lower their interest rate on a jumbo mortgage, and/or want to qualify for a larger home mortgage.