Conforming Loan

2 topics · 3 sources

Real Estate

A loan that conforms to Federal National Mortgage Association (FNMA) or Federal Home Loan Mortgage Corporation (FHLMC) guidelines. See also: non-conforming loan.

Ginnie Mae — Ginnie Mae Glossary of Terms

Is a loan that does not exceed Fannie Mae's and Freddie Mac's loan limits. Freddie Mac and Fannie Mae loans are referred to as conforming loans.

US Department of Housing and Urban Development — Homes & Communities Glossary

Business› Finance› Personal Finance

A loan which meets all requirements to be eligible for purchase or securitization by FNMA or FHLMC (Fannie Mae or Freddie Mac) which has a loan amount below the level deemed to be the limit for "Jumbo" loans

State of Maine, Department of Professional and Financial Regulation — Consumer Credit Protection Glossary retrieved 2014-05-16

Conforming Loan

Real Estate

Consumer Credit