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I refinianced my jumbo loan and now they say I have a "Conforming" Jumbo loan. What does that mean?

by goingfishing56620 from Dupree, South Dakota. Jan 31st 2018 Reply


Meaning, your loan is conventional and conforming to Conventional Jumbo loan guidelines through FNMA.

Jan 31st 2018
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,811 contributions

The term "conventional" just means the loan isn't a government backed loan, like an FHA or VA loan. The term "conforming" means the loan conforms to Fannie Mae or Freddie Mac guidelines. By confirming to these guidelines, there are many benefits to both you and your lender. For loans in SD, MN, and WI, visit me at www.JoeMetzler.com

Jan 31st 2018
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It means your loan amount before was over $424,100 and now in 2018 Loan amounts under $453,100 are Conforming Conventional. I'm located in SD and can help further , just call me at 605-359-1775.Thanks

Jan 31st 2018
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,486 contributions

More info needed,, specifically the loan amount.. but as others pointed out.. Conforming means that the loan conforms to the boiler plate guidelines put out by Fannie Mae & Freddie Mac. But understand, if your loan amount is above the conforming loan limits, then even though it's underwritten as a "Conforming" loan.. it's not a fannie/freddie loan. It's a portfolio loan.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Feb 2nd 2018
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