Non-Conforming Home Mortgages & Loans
Non-Conforming Mortgage Lender Serving All of New York, Including Albany, Clifton Park, Saratoga Springs & the Adirondacks
A non-conforming loan is a home loan that does not conform to the underwriting guidelines set forth by the government-sponsored enterprises Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation).
These types of loans are typically offered to borrowers who do not qualify for conforming loans. While its good to have this type of home loan as an option, the downside is non-conforming mortgages typically have higher interest rates and may carry some additional fees and even some additional insurance requirements. In other words, they are typically more costly.
Jumbo Loans
One of the best known types of non-conforming loans is a Jumbo Mortgage.
In order to qualify for a Jumbo Loan, a homebuyer’s mortgage and property must meet certain specifications. Homebuyers should also be very aware of the underwriting requirements of Jumbo loans, which can vary by lender.
You can learn more about the specifics of Jumbo mortgages here.
Securing a Non-Conforming Mortgage Through Maple Tree Funding
At Maple Tree Funding we understand your dreams of homeownership. We also understand the complexity of understanding which type of home loan is right for you. That’s why we’re here to help you through the process of shopping for and obtaining a home loan.
Whether it’s a conforming or non-conforming loan, fixed or adjustable-rate mortgage, or an FHA or VA loan, Maple Tree can help you find the most competitive rates and assist you in fulfilling your mortgage needs.
Start Your Journey Towards Home Ownership Today With Maple Tree Funding!
At Maple Tree Funding, we are licensed to originate loans throughout New York, including all areas of Upstate NY, the Capital Region of Albany, Clifton Park, Saratoga Springs, Glens Falls and the Adirondacks.
We have access to a wide variety of mortgage programs from dozens of banks and lending institutions, many of which are not available to the general public. Based on your financial data, your goals, and other personal information, Maple Tree Funding will provide you with the best mortgage options available to you.
Our team of experienced mortgage professionals is passionate about helping home buyers secure the financing they need to buy their dream home. If you’re in the market for a new home in New York, get in touch with us today!
Ready to take the next step towards owning a home in NY?
Give us a call today at 518-782-1202 or contact us online using the Quick Application form, at the top right of this page, to get the process started. Our team will review your information carefully and work closely with you to find the mortgage option that works best with your unique situation.
Have questions about your mortgage options? Don’t hesitate to give us a call at 518-782-1202 or reach out using our easy online contact form.