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Conforming Mortgage Definition

Conforming Mortgage Loan Definition

The term “conforming” means that a loan adheres the limits set by Fannie Mae and Freddie Mac. A Conforming Mortgage Loan is a conventional home loan that equals or is less than the government limits established by Fannie Mae and Freddie Mac. The current limit for a traditional mortgage loan is $417,000; however, in some […]

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