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Conventional Loan

  1. Real Estate Dictionary
  2. C
  3. Conventional Loan

A Conventional Loan is a mortgage that is not guaranteed or insured by a government agency, such as FHA or VA.

A conventional loan can also be a conforming loan if it adheres to guidelines from Fannie Mae and Freddie Mac. A conventional loan can also be a jumbo loan if it is too large for those guidelines.

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