Finance
A conventional mortgage loan is one that is:
AInsured by the FHA
BGuaranteed by the VA
CNot insured or guaranteed by a government agency✓ Correct
DIssued by the federal government directly
Explanation
A conventional loan is not insured or guaranteed by a government agency such as FHA, VA, or USDA. It relies on the borrower's creditworthiness and may require PMI if the LTV exceeds 80%.
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