Finance
A conventional mortgage in Rhode Island is one that:
AIs insured by the FHA
BIs guaranteed by the VA
CIs not insured or guaranteed by any government agency✓ Correct
DIs issued by the Rhode Island Housing and Mortgage Finance Corporation
Explanation
A conventional mortgage is not insured or guaranteed by any government agency (such as FHA or VA). It may be conforming (meeting Fannie Mae/Freddie Mac guidelines) or non-conforming.
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