Mortgage Navigator • Non-QM / Non-Conforming
Non-QM vs. Jumbo vs. Non-Conforming
Loan size, agency eligibility and Qualified Mortgage status answer different questions.
Jumbo is about the conforming boundary
A jumbo loan is generally above the applicable FHFA conforming loan limit. A jumbo loan is not automatically non-QM; CFPB notes that jumbo loans can meet requirements to be Qualified Mortgages.
Non-QM is about QM status
A mortgage may be non-QM because it does not meet the Qualified Mortgage definition while still being underwritten under applicable ability-to-repay requirements when those rules apply.
Product-specific guidelines matter. Non-QM and non-conforming products are private-investor programs. Documentation, credit, LTV, reserves, property, prepayment terms where legally permitted, and other requirements vary by investor, lender, occupancy and loan purpose. Examples here are educational—not universal eligibility promises.
Consumer-protection references
CFPB Ability-to-Repay / Qualified Mortgage Rule · CFPB: What is a Qualified Mortgage?