Finance
A 'conventional' mortgage loan is one that is:
AInsured by FHA
BNot insured or guaranteed by any government agency✓ Correct
COnly available to veterans
DIssued by the Federal Reserve
Explanation
A conventional mortgage is not insured or guaranteed by any government agency (FHA, VA, or USDA). It is made by private lenders and may or may not conform to Fannie Mae/Freddie Mac guidelines.
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