The objective of this question is to determine if you always go by the book or make your own decisions if required. This is a tricky question as the company might be very strict about the guidelines and might not select you if you have supported some such loan, even if that was an excellent decision. So you may want to exercise a little bit of caution here. Make sure you do your homework about the company and its culture before your interview so you know the best way to respond.

If you have worked on non-compliant loans, answer this with how in your past you worked on researching and analyzing non-FHA loans. Expand on the differences and how you conducted your research and analysis. It is OK to present a loan that was not funded as your contribution to the decision is most important, not the result.