Finance
A conventional mortgage loan is one that is:
AInsured by the FHA
BGuaranteed by the VA
CNot insured or guaranteed by any government agency✓ Correct
DMade by the federal government directly
Explanation
A conventional loan is a mortgage that is NOT insured or guaranteed by a government agency such as FHA, VA, or USDA. Conventional loans may be conforming (meeting Fannie/Freddie guidelines) or non-conforming.
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