Non-Conventional Loans
Flexible options for loan amounts that exceed conforming loan amounts and product guidelines. Benefit from low rates, competitive closing costs, and our streamlined approach on a customized Non-Conventional Loan.
To learn more about Non-Conventional Loans call888-818-6393
Non-Conventional Loan Benefits
A Non-Conventional Loan can be an option when your loan amount exceeds the conventional loan limit, $510,400 for most U.S. counties.
Potential benefits include:- Jumbo and Super Jumbo loan amounts of up to $25 million or more
- Flexibility to choose either a fixed-rate or an adjustable-rate mortgage (ARM)
- Personalization for complex financial situations
- Financing for non-owner occupied properties
What is a Non-Conventional Loan?
A non-conventional loan is a mortgage that doesn't meet the guidelines for a conventional loan set by Fannie Mae and Freddie Mac. Often a loan is classified as non-conventional because the loan amount exceeds the conventional limit, which is $484,350 in most U.S counties. In addition to higher loan amounts, non-conventional loans from Manhattan Banc can offer expanded down-payment and credit qualification options.
Is a Non-Conventional Loan Right For You?
Non-conventional loans may be the right solution when looking for:- Expanded guidelines and enhanced options
- Tailored mortgage solutions for unique financial situations
- Customized Portfolio Loans and Interest-Only Mortgages
Ready To Get Started?
It's easy to apply, just answer some basic question about your personal finances and the home.