Definitions for "conforming loan"
Keywords:  fhlmc, freddie, fnma, jumbo, fannie
A loan which meets the standards of the lender. opposite of non-conforming loan.
A mortgage loan that is eligible for purchase by FNMA or FHLMC.
A mortgage that meets the requirements for purchase by Fannie Mae and Freddie Mac. Requirements include size of the loan, type and age. Current loan size limits for single-family homes range between $200,000 and $400,000. Loans that exceed the conforming size are considered jumbo mortgages and usually have higher interest rates.
Keywords:  congregate, housing
Congregate Housing