Contact Us        973-539-9151

 

Godby Realtors

Conforming & Non-Conforming Mortgage

Conforming & Non-Conforming

A conforming mortgage refers to a mortgage that is drawn up within the guidelines specified by the lending institutions referred to as Fannie Mae and Freddie Mac. The most common reason for a mortgage to be referred to as non-conforming is because the total amount of the mortgage exceeds the lending limits or total loan amount allowed. This type of non-conforming loan is often referred to as a Jumbo mortgage.

Mortgage Calculator
$
%
Years

Monthly Payment

$

Interest Paid

$