Definition
A mortgage meeting the size and underwriting standards required for purchase by Fannie Mae or Freddie Mac.
Example
Loans above the county conforming limit are jumbo and priced outside agency guidelines.
Related terms
- Acceleration Clause
- Accrued Interest
- Adjustable Rate Cap
- Adjustable-Rate Mortgage
- Amortization
- Annual Percentage Rate
Frequently asked questions
What does Conforming Loan mean in real estate?
A mortgage meeting the size and underwriting standards required for purchase by Fannie Mae or Freddie Mac.
How is Conforming Loan used in practice?
Loans above the county conforming limit are jumbo and priced outside agency guidelines.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.