Finance
A 'conforming loan' in South Carolina is one that:
AComplies with all state lending laws
BMeets Fannie Mae/Freddie Mac guidelines for purchase on the secondary market✓ Correct
CIs insured by the FHA
DHas a fixed interest rate
Explanation
A conforming loan meets the guidelines set by Fannie Mae and Freddie Mac for purchase on the secondary market, including loan limits, underwriting standards, and documentation requirements.
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