Non-Conforming Mortgage

Definition of "Non-Conforming Mortgage"

Dawn Wood, MBA, Broker real estate agent

Written by

Dawn Wood, MBA, Brokerelite badge icon

Benchmark Realty LLC

A mortgage that does not meet the purchase requirements of the two federal agencies, Fannie Mae and Freddie Mac, because it is too large or for other reasons, such as poor credit or inadequate documentation.

 

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