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.
Real Estate Glossary : Terms and Definitions
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.
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