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There is a dizzying
array of mortgage loan types in the marketplace these days. It
seems that some combination of rate and terms is available to suit
the needs of nearly every borrower. Nevertheless, mortgage loans
are still typically divided into two broad categories … (1) conforming and
(2) non-conforming.
The Freedom
partnership offers you a wide variety of both conforming and non-conforming
loan types. Our objective is to find the loan that is the "best
fit" for you. We’re confident we can do just that. Read a little
further about some of the different conforming and non-conforming loan
types available … or go directly to the
5-minute, no-cost,
no-obligation
Prequalifacation Mortgage Form
|
Simply put, conforming
loan types are those that, for the most part, incorporate traditional
underwriting standards. While there are, of course, exceptions
to this "rule of thumb," it generally holds true. Most non-conforming
loans, on the other hand, have been designed to meet the special
needs of borrowers with "non-standard" circumstances.