Finance
A Maryland borrower with a conforming loan has a loan amount that:
AExceeds the FHFA limit
BDoes not exceed the conforming loan limit set by FHFA, making it eligible for purchase by Fannie Mae or Freddie Mac✓ Correct
CIs guaranteed by HUD
DHas been pre-approved by MREC
Explanation
Conforming loans do not exceed the FHFA's conforming loan limit and meet Fannie Mae/Freddie Mac guidelines, making them eligible for sale in the secondary market.
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