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Which of the following terms specifically refers to a loan that is NOT obtained through a program of the federal government? Non-conventional loan Conventional loan Traditional …

Which of the following terms specifically refers to a loan that is NOT obtained through a program of the federal government? Non-conventional loan Conventional loan Traditional …
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2 votes
Which of the following terms specifically refers to a loan that is NOT obtained through a program

of the federal government?

Non-conventional loan
Conventional loan
Traditional loan
Conforming loan

asked
User Strava
by
6.9k points

1 Answer

3 votes
Conventional loan
A conventional loan is any mortgage loan that is not insured or guaranteed by the government (such as under Federal Housing Administration, Department of Veterans Affairs, or Department of Agriculture loan programs).
answered
User ArielB
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8.5k points
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