Whereas there may be dozens of conforming loan programs available at any given time, there are probably thousands of different non-conforming programs. Non-conforming lenders design loans for specific conforming guideline restrictions--or rather for the borrowers and situations that fail to meet those conforming restrictions.
In addition or related to the above, a number of non-conforming scenarios also steer many borrowers toward nonconforming programs. Wherever the conforming loan proves too restrictive, chances are that a non-conforming loan exists to serve that niche market.
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