In the United States, a conforming loan is a mortgage loan that conforms to GSE guidelines.
In general, any loan which does not meet guidelines is a non-conforming loan. A loan which does not meet guidelines specifically because the loan amount exceeds the guideline limits is known as a jumbo loan.
Read more about Conforming Loan: History, Importance, Criteria
Famous quotes containing the words conforming and/or loan:
“I have forced myself to contradict myself in order to avoid conforming to my own taste.”
—Marcel Duchamp (1887–1968)
“... the ... thing I am proudest of in my whole business life is that I do not take, that I never took in all my life, and never, never! will take, one single penny more than 6% on any loan or any contract.”
—Hetty Green (1834–1916)