Finance
A Mississippi property buyer's 'conventional' loan is one that:
AIs insured by the FHA
BIs not insured or guaranteed by the federal government✓ Correct
CIs guaranteed by the VA
DIs provided by the USDA
Explanation
A conventional loan is not insured or guaranteed by any government agency. It is made by private lenders and may be conforming (eligible for purchase by Fannie Mae/Freddie Mac) or non-conforming (jumbo).
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