Finance
A conforming loan limit in Arizona is set by:
AThe Arizona Department of Financial Institutions
BThe Federal Housing Finance Agency (FHFA) annually✓ Correct
CHUD's FHA division
DIndividual lenders based on their risk appetite
Explanation
The Federal Housing Finance Agency (FHFA) sets conforming loan limits annually, establishing the maximum loan amount eligible for purchase by Fannie Mae and Freddie Mac.
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