Finance
Under Wisconsin law, a 'conforming loan' refers to a mortgage that:
AConforms to FHA guidelines
BMeets Fannie Mae/Freddie Mac standards including loan limits and underwriting guidelines✓ Correct
CIs issued by a Wisconsin state-chartered bank only
DHas a fixed interest rate
Explanation
A conforming loan meets Fannie Mae and Freddie Mac purchase guidelines, including maximum loan limits, minimum credit standards, and documentation requirements.
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