Finance
Which of the following would be considered a non-conforming loan?
AA loan that meets Fannie Mae and Freddie Mac guidelines
BA loan that exceeds conforming loan limits✓ Correct
CAn FHA-insured loan
DA VA-guaranteed loan
Explanation
A non-conforming loan is one that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac, also known as a 'jumbo loan.'
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