Finance
A Florida 'conforming loan' must meet which of the following criteria?
ABe guaranteed by the FHA
BMeet Fannie Mae/Freddie Mac guidelines including loan limits and underwriting standards✓ Correct
CHave a maximum interest rate of 5%
DBe made only to veterans
Explanation
A conforming loan meets the standards set by Fannie Mae and Freddie Mac for purchase in the secondary mortgage market, including loan limits (adjusted annually), credit standards, and documentation requirements.
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