Finance
A conventional loan is best described as a mortgage loan that is:
AInsured by the federal government
BNot insured or guaranteed by a federal government agency✓ Correct
CMade only by credit unions
DUsed exclusively for commercial properties
Explanation
A conventional loan is a mortgage not insured or guaranteed by any federal government agency (unlike FHA, VA, or USDA loans). It may be conforming or non-conforming.
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