Finance
Which of the following is considered a non-conforming (jumbo) loan in Missouri?
AAn FHA loan with 3.5% down
BA loan exceeding the FHFA conforming loan limit✓ Correct
CA VA loan with no down payment
DA USDA rural development loan
Explanation
A jumbo (non-conforming) loan exceeds the Federal Housing Finance Agency (FHFA) conforming loan limit and cannot be sold to Fannie Mae or Freddie Mac without special packaging.
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