What is a Conforming Loan?

Conforming Loans Explained When speaking of mortgages the terms “conventional” and “conforming” are often used interchangeably. A conforming loan simply means that the loan guideline standards established by the conforming loan limit and all Freddie Mac (the Federal Home Loan Mortgage Corporation) funding criteria and Fannie Mae (the Federal National Mortgage Association) funding criteria have… Continue reading What is a Conforming Loan?

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