What Are Non-Conforming Loans and How Do They Work?
By Lisa Perry - NMLS # 276329, Northern VA - VHDA, 100% Loans - Jumbo Loans
(FHA, VA, Jumbo, Downpayment Assistance, Conv.)
As you begin your homebuying journey, your first concern is probably, “How am I going to finance my house?”If you’ve missed a couple of credit card payments and your credit score is still recovering, or you once filed for bankruptcy, there are still loan options that will allow you to achieve your goal of homeownership.While your credit history does impact which loan programs, you’ll be likely to qualify for, past issues on your credit report don’t necessarily mean that you won’t be able to qualify for a loan.I will help you assess your personal financial situation and find the best loan option for you. One of those options might be a non-conforming loan.We will dive into learning what a non-conforming loan is, how they work, and whether one may be the best fit for you. What is a Non-Co...