Finance
An Alabama real estate agent advising a buyer on financing should know that the maximum conventional loan amount conforming to Fannie Mae and Freddie Mac limits is referred to as the:
AConforming loan limit✓ Correct
BFHA loan ceiling
CJumbo threshold
DVA entitlement limit
Explanation
The conforming loan limit is the maximum loan amount that Fannie Mae and Freddie Mac will purchase. Loans above this amount are non-conforming (jumbo) loans.
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