Posted by Vic on May 24, 2005 at 23:27:33:
Conforming means the loan meets Fannie Mae guidelines. Non-conforming means it’s doesn’t.
Fannie Mae is the secondary mkt. that buys these loans.
Vic
Posted by Vic on May 24, 2005 at 23:27:33:
Conforming means the loan meets Fannie Mae guidelines. Non-conforming means it’s doesn’t.
Fannie Mae is the secondary mkt. that buys these loans.
Vic
Duplex Question - Posted by _Dog
Posted by _Dog on May 24, 2005 at 23:08:25:
Hi,
I am new and am learning about duplexes. Can someone explain the difference, briefly, between non-conforming and conforming?
Thanks,
KDF
Re: Duplex Question - Posted by IA Jeff
Posted by IA Jeff on May 25, 2005 at 07:10:58:
I think you want an answer about conforming duplexes?
A conforming duplex is zoned as a duplex or multi-family and the tax assessor knows it is a duplex. A non-conforming duplex is not recorded at the assessor’s office as a duplex, or the property is not zoned for a duplex or multi-family.
Jeff