Finance
Fannie Mae and Freddie Mac's conforming loan limits affect Vermont buyers because:
AThey set the minimum down payment for all Vermont loans
BLoans above the conforming limit require jumbo financing with potentially different terms and qualifications✓ Correct
CVermont is exempt from conforming loan limits
DConforming loans are only available in Burlington
Explanation
Conforming loan limits determine which mortgages Fannie Mae and Freddie Mac will purchase on the secondary market. Loans above the limit are 'jumbo' loans, which may have stricter requirements and different interest rates.
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