Finance
A conforming loan is one that:
AIs insured by the FHA
BMeets Fannie Mae and Freddie Mac's loan limits and underwriting guidelines✓ Correct
CIs only available to first-time buyers
DIs guaranteed by the Veterans Administration
Explanation
A conforming loan meets the guidelines (loan limits, underwriting standards) set by Fannie Mae and Freddie Mac, making it eligible for purchase in the secondary market.
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