Bank – Mortgage Division offers Non-Conforming loans such as Jumbo Loans, Physician Loans, Non-Conforming Standard Loans and Condominium Financing. Jumbo Loans. Jumbo loans offer financing for more expensive homes greater than $424,100 in most areas of the US.
A non-conforming mortgage is a term in the United States for a residential mortgage that does not conform to the loan purchasing guidelines set by the -conforming jumbo loan, the loan. With non conforming loans, the loan is already considered to be higher risk since it doesn’t fall under the Fannie Mae and Freddie Mac guidelines.
LYC Mortgage plans to expand its business footprint into other states and increase revenue through the acquisition of other existing non-delegated. Lender status on Conforming, FHA and USDA.