What Is A Non Conforming Mortgage Loan

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.

Credit standards for mortgage loans the bank categorizes as government residential mortgages remained the same over the past three months for 96.5%. Qualified mortgage non-jumbo loans,