Finance
A conventional Iowa mortgage loan that conforms to Fannie Mae/Freddie Mac guidelines is called a:
AJumbo loan
BConforming loan✓ Correct
CSubprime loan
DPortfolio loan
Explanation
A conforming loan meets Fannie Mae and Freddie Mac guidelines for size, credit quality, and underwriting standards. Loans exceeding the conforming loan limit are jumbo loans and typically carry higher rates.
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