Exam term
Conventional loan
A mortgage loan that is not federally insured or guaranteed. It may be conforming or nonconforming and can have less than 20% down.
Lessons that use this term
- Conventional loans and private mortgage insurance Florida
- Types of mortgages and loans New York
- Methods and sources of financing: mortgage and seller financing, primary and secondary markets Texas
- Mortgages and deeds of trust: lien and title theory, loan types, and mortgage clauses Texas
- Lender requirements: conventional, FHA, VA, and USDA loans, LTV, and mortgage insurance Texas