A loan that does not conform to the traditional Freddie Mac or Fannie Mae requirements.

New home loans that allow you to borrow over a certain amount set by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation. Office of Thrift Supervision (OTS) The regulatory and supervisory agency for federally chartered savings institutions. Formally known as Federal Home Loan Bank Board.

Loans given by lenders that do not follow typical underwriting and investor guidelines for Fannie Mae, Freddie Mac. Circumstantially these types of loans give the borrower freedom to get financing for loan types considered of a higher risk to the investor. Because of the higher risk factor, terms for these types of loans have somewhat higher interest rates, and prepayment penalties as a trade off for more liberal lending.

Loans that do not comply with FNMA or FHLMC guidelines.

For people with damaged credit (BCD), these loans have different underwriting criteria and each Lender's guidelines should be studied. for instance, a loan may require two appraisals by two different appraisers.

A designation given when a loan is made to a borrower who has marginal credit and/or the property value is outside the conforming loan limits as set by Fannie Mae or Freddie Mac.

A loan that does not meet the guidelines of Fannie Mae (FNMA) or Freddie Mac (FHLMC) due to loan amount (over $227,151), higher debt ratios, credit history and other reasons. Non-conforming loans usually have a higher interest rate than do conforming loans.

Any loan that does not fall under the guidelines set forth by Fannie Mae or Freddie Mac. Loans for amounts higher than the conforming limits, or loans for individuals with credit problems fall into this category.

A mortgage not eligible for sale and delivery on the secondary market for various reasons, including the loan amount, loan characteristics or underwriting guidelines.

Loans that are above the loan limits set by FNMA and FHLMC. Also known as jumbo loans.

Loans that do not comply with the Federal Mortgage Association or the Federal Home Loan Mortgage Association. These guidelines establish the maximum loan amount, down payment, borrower credit and income requirements, and suitable properties.

Also known as jumbo loans. Loans that are above the loan limits set by Fannie Mae and Freddie Mac.

Also known as a 'Jumbo Mortgage.' Non-conforming loans usually incur a rate and origination fee. The current conforming loan limit is $333,700 and below for a single family residence, $384,900 and below for a 2-unit property, $465,200 and below for a 3-unit property, and $578,150 and below for a 4-unit property. Loan amounts greater than this are considered non-conforming or jumbo mortgages.

A mortgage loan for more than $300,700 ($451,050 for properties in Alaska and Hawaii). Also called Jumbo loans. Loans for less than this are called Conforming loans.

A loan that doesn't comply with Federal National Mortgage Association (Fannie Mae) or Federal Home Loan Mortgage Corporation (Freddie Mac) underwriting guidelines. Usually incur a rate and origination fee premium.

Any loan that doesn't meet the qualifications or is too large to be purchased by Freddie Mac or Fannie Mae. The current limit is $252,700.00.

Conventional home mortgages not eligible for sale and delivery to either FNMA or FHLMC due to several factors including but not limited to credit quality and loan amount.

Loan that does not comply with the purchasing guidelines of the two federal agencies, Fannie Mae or Freddie Mac, because it is too large or for other reasons such as poor credit or inadequate documentation.

Also called a jumbo loan. Conventional home mortgages not eligible for sale and delivery to either Fannie Mae (FNMA) or Freddie Mac (FHLMC) because of various reasons, including loan amount, loan characteristics or underwriting guidelines. Non-conforming loans usually incur a rate and origination fee premium. The current non-conforming loan limit is $333,701 and above.

Loans not eligible for sale to Fannie Mae or Freddie Mac due to various reasons including loan amount, credit outside normal underwriting guidelines.

Conventional home mortgages not eligible for sale and delivery to either Fannie Mae (FNMA) or Freddie Mac (FHLMC) because of various reasons, including loan amount, loan characteristics or underwriting guidelines. Non-conforming loans usually incur a rate and origination fee premium. The current non-conforming loan limit is $227,151 and above. This is also called a jumbo loan.

A loan that does not conform to Federal National Mortgage Association (FNMA) or Federal Home Loan Mortgage Corporation (FHLMC) guidelines. Jumbo loans are nonconforming. See also: conforming loan.

Also known as a 'Jumbo Mortgage.' Non-conforming loans usually incur a rate and origination fee. The current conforming loan limit is $359,650 and below for a single family residence, $460,400 and below for a 2-unit property, $556,500 and below for a 3-unit property, and $691,600 and below for a 4-unit property. Loan amounts greater than this are considered non-conforming or jumbo mortgages.

See jumbo loan.

A conventional loan that exceeds the maximum loan limits set by FNMA and FHLMC.

A mortgage loan that does not meet Fannie Mae and Freddie Mac underwriting guidelines. Non-conforming loans are available as both fixed and adjustable rate mortgages. ( See Fannie Mae , Freddie Mac)

A conventional home mortgage that does not meet the criteria of Fannie Mae or Freddie Mac for various reasons including loan amount, loan characteristics or underwriting guidelines. Non-conforming loans usually incur a higher rate and/or points.()

A conventional mortgage that does not meet Fannie Mae or Freddie Mac's criteria for loan amount, credit, ratios or other underwriting criteria, such as employment history. Non-conforming products include Jumbo loans, Stated Income loans, No Doc loans, No Ratio loans, or credit-graded Sub-Prime loans.

A loan not meeting the underwriting requirements of Fannie Mae and Freddie Mac. e.g. the vast majority of loans.

A loan that does not conform to Fannie Mae (FNMA)Or Federal Home Loan Mortgage Corporation FHLMC) guidelines either because the loan amount is too high or FNMA/FHLMC underwriting or other criteria are not met. Jumbo loans are a common example.

One that doesn't fit into guidelines set by FNMA or FHLMC. A non-conforming loan allows for a different set of rules for qualifying.

A loan that is not eligible for sale and delivery to either the Federal National Mortgage Association (FNMA) or the Federal Home Loan Mortgage Corporation (FHLMC) for various reasons, including the loan amount, loan characteristics or underwriting guidelines.

A loan that does not meet the standard rules for purchase by Freddie Mac or Fannie Mae This mortgage is a catch-all for any loan that does not fall into a government-backed mortgage category. Back

Loans that do not comply with Fannie Mae or Freddie Mac guidelines.

A conventional mortgage loan that does not comply with the underwriting criteria established by Fannie Mae or Freddie Mac.

A loan that does not conform to the guidelines established by Fannie Mae or Freddie Mac. A loan that is larger than the conforming loan limit is called a jumbo loan. Loans that do not meet the credit quality of conforming loans ("A" paper) are called "B", "C" and "D" paper loans. Second mortgages, credit lines, home equity loans and home improvement loans are also non-conforming loans. Also see conforming loan.

This is also referred to as a jumbo loan. Conventional home mortgages are not eligible for sale and delivery to some insurers due to various reasons, including the loan amount, loan characteristics or underwriting guidelines. Non-conforming loans usually incur at a rate and have origination fee premium.

Any loan that is too large to be purchased by the secondary marketing firms, Fannie Mae or Freddie Mac. (In most markets the single family dwelling limit is $359,650, with higher amounts for higher cost areas.)

A mortgage that does not meet guidelines set by FHLMC and FNMA (Freddie Mac and Fannie Mae). The most common non-conforming loan are mortgages whose amount exceeds those allowed by FHLMC and FNMA (often called a jumbo loan). Because these loans do not qualify to be bought by the two government groups they tend to carry higher interest rates.

Loans that do not follow the guidelines set by Fannie Mae and Freddie Mac.

A non-conforming loan is any loan that doesn't meet the qualifications or is too large to be purchased by Fannie Mae or Freddie Mac. The current conforming loan limit is $252,700.

Also called a jumbo loan. Conventional home mortgages not eligible for sale and delivery to either Fannie Mae (FNMA) or Freddie Mac (FHLMC) because borrower or property do not meet underwriting guidelines. Non-conforming loans usually incur a rate and origination fee premium. The current non-conforming loan limit is $252,700 and above.

A loan that doesn't meet conventional, FHA or VA guidelines. Examples of non-conforming loans are jumbo loans, those with less than perfect credit (also known as ‘B', ‘C', or ‘D' paper) or excessive debt to income. This type of credit usually carries higher interest rates and a larger required down payment as well as often subject to prepayment penalties.

A mortgage that exceeds the maximum loan amount for the most common mortgage investors. The cost of obtaining a non-conforming mortgage is generally higher than the cost of obtaining a conforming mortgage. Also known as a jumbo loan.

A non-conforming loan is a loan that fails to meet bank criteria for funding.