This refers to a real estate loan that is neither secured nor offered by a government entity. It is also not guaranteed by the VA or insured by the FHA. Conventional loans are available through a private lender or two government-sponsored enterprises, Fannie Mae and Freddie Mac.
Conventional loan
This refers to a real estate loan that is neither secured nor offered by a government entity. It is also not guaranteed by the VA or insured by the FHA. Conventional loans are available through a private lender or two government-sponsored enterprises, Fannie Mae and Freddie Mac.
