| Non-conforming Loan |
Website Links For Loan |
Information AboutNon-conforming Loan |
| CATEGORIES ABOUT NON-CONFORMING LOAN | |
| credit | |
|
Reasons include the loan amount is higher than the Conforming Loan limit (for mortgage loans), lack of sufficient Credit , the unorthodox nature of the use of funds, or the Collateral backing it. In many cases, non-conforming loans can be funded by Hard Money Lenders , or private institutions/money. The flexibility of private money can allow for a much wider range of deals to be funded, although more detailed and substantive collateral and documentation may be required by a lender. SEE ALSO EXTERNAL LINKS
|
|
|