Finance
A conventional loan in Alabama is one that is:
AInsured by FHA
BGuaranteed by the VA
CNot insured or guaranteed by a government agency✓ Correct
DIssued by the state of Alabama
Explanation
A conventional loan is any mortgage that is not insured or guaranteed by a federal government agency. Conventional loans may still be sold to Fannie Mae or Freddie Mac on the secondary market.
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