News
Blog
Like
Follow

Conforming Versus Non-Conforming Loans

Sunday, February 13, 2011 - There are conforming and non-conforming or jumbo loans. The cut off point in dollars from a conforming to a non-conforming loan changes every couple of years. It is currently approximately $333,700. The interest rate on a jumbo loan is generally higher. Loans that meet the guidelines of the government-backed companies such as Freddie Mac and Fannie Mae are termed conventional loans.

Rate This Article From 1 (Lowest) to 5 (Highest)
12345

Average

Related Articles

All About Interest Rates

Useful Tips When you Don't Have Enough for a Down Payment

Looking For a Mortgage Lender

Jumbo loans

Understanding Your Debt to Income Ratio

1 Week Before Your Move

Apartment Decorating Tips: Cheap Ways to Spruce Up Your Pad

10 Questions to Ask Before Hiring a Cleaning Service

Auto Insurance: What You Need to Know

After the Offer: What You Should Ask Yourself

News
Blog
Fan
Follow

Moving can make you crazy. We'll help you stay sane with timely emails loaded with tips and reminders designed to keep your move on track.

Thank you for your submission.