Finance
Which of the following would qualify as a non-conforming loan?
AAn FHA loan under the local loan limits
BA VA loan for a qualified veteran
CA jumbo loan that exceeds conforming loan limits✓ Correct
DA USDA rural development loan
Explanation
A non-conforming loan does not meet Fannie Mae/Freddie Mac guidelines and cannot be sold on the secondary market in the normal fashion. Jumbo loans that exceed conforming loan limits are the most common example of non-conforming loans.
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