Conventional Non-Conforming loans, on the other hand, do not conform to the guidelines set by Fannie Mae and Freddie Mac. These loans are often sought by borrowers who have unique financial circumstances or require a loan amount that exceeds the established conforming loan limits. Examples of non-conforming loans include jumbo loans, which cater to borrowers seeking to purchase high-priced properties that surpass conforming loan limits. While conventional non-conforming loans may offer more flexibility, they often come with higher interest rates and stricter underwriting requirements.