Finance
A 'conforming loan' in North Carolina is one that:
AConforms to state usury laws
BMeets Fannie Mae/Freddie Mac loan limit and underwriting guidelines✓ Correct
CHas been approved by the NCREC
DHas a fixed interest rate
Explanation
A conforming loan meets the guidelines (including loan limits and underwriting standards) established by Fannie Mae and Freddie Mac for purchase on the secondary mortgage market.
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