Finance
A 'conventional' mortgage loan is one that is:
AInsured by the FHA
BGuaranteed by the VA
CNot insured or guaranteed by a government agency✓ Correct
DProvided directly by the U.S. government
Explanation
A conventional loan is a mortgage that is not backed by a government agency (FHA, VA, USDA). Conventional loans may be conforming (meeting Fannie Mae/Freddie Mac guidelines) or non-conforming (jumbo loans).
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