Finance
A conforming loan in Utah is one that:
AConforms to FHA lending guidelines
BDoes not exceed FHFA conforming loan limits and meets Fannie Mae/Freddie Mac guidelines✓ Correct
CIs originated by a conforming state-chartered bank
DHas a fixed interest rate
Explanation
A conforming loan meets the guidelines (including loan limits set by FHFA) required for purchase by Fannie Mae or Freddie Mac on the secondary mortgage market.
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