With the range of different loan types available, we understand the process can be a bit overwhelming. Add industry-speak language, such as conforming, non-conforming, super-conforming, jumbo loans, and you may feel your head begin to spin.
It’s easy to feel confused by the different types of loans and get lost in the terminology. That is why we will fully explain the range of available loan types, terms, and programs that you qualify for so that you can make an educated decision on what’s financially best for you and your situation. We are here to guide you through this process…efficiently and professionally.
A conforming loan is a type of mortgage loan that conforms to very specific lending terms, conditions, and guidelines established by government-sponsored enterprises:
Conforming loan programs have loan limits that are set by the county in each state. Currently, a conforming loan maximum on a single-family home must fall under $726,200 unless the property is in a high-cost County as determined by FNMA and Freddie Mac.
WHEN A CONFORMING LOAN MAKES SENSE TO YOU
*All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Guidelines subject to change.