A Non-Conforming Loan can be an option when your loan amount exceeds the conforming loan limit-$484,350 for most U.S. counties.
Potential benefits include:
Jumbo and Super Jumbo loan amounts of up to $25 million or more
Flexibility to choose either a fixed-rate or an adjustable-rate mortgage (ARM)
Personalization for complex financial situations
Financing for non-owner occupied properties
What Is a Non-Conforming Loan?
A non-conforming loan is a mortgage that doesn't meet the guidelines for a conforming loan set by Fannie Mae and Freddie Mac. Often a loan is classified as non-conforming because the loan amount exceeds the conforming limit, which is $484,350 in most U.S counties. In addition to higher loan amounts, non-conforming loans from Axos Bank can offer expanded down-payment and credit qualification options.
Is a Non-Conforming Loan Right for you?
Non-conforming loans may be the right solution when looking for:
- Expanded guidelines and enhanced options
- Tailored mortgage solutions for unique financial situations
- Customized Portfolio Loans and Interest-Only Mortgages
Great Savings Rates, No Monthly Fees. Earn 1.30% APY
Get prequalified in minutes. Loans from $5,000 to $35,000
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