(US) A mortgage loan that may have high credit quality, but is for an amount higher than conventional conforming loan limits.
(US) A mortgage loan that may have high credit quality, but is for an amount higher than conventional conforming loan limits.
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Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
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(US, finance) A fixed- or adjustable-rate, fully amortized loan secured by a mortgage or deed of trust that is not insured or guaranteed by an agency of the federal government (such as FHA or VA). (Source: Office of Thrift Supervision [https://web.archive.org/web/20060618191009/http://www.ots.treas.gov/glossary/gloss-c.html]).
(chiefly, southern, _, US, idiomatic, dated, legal, finance) A loan arrangement in which all of the money borrowed from a lender, for whatever purpose, is secured by one's home, land, and other property.
(US, finance) Of a mortgage loan, that does not conform to the traditional standards of Fannie Mae, but is presented as having an A credit rating, based on the borrower's FICO credit score.
(US, Australia, banking, finance) A loan or mortgage where the borrower provides only limited proof of their income.