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What is a conforming or jumbo loan?

conforming Jumbo loan
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What is a conforming or jumbo loan?

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A conforming loan is one that is less than the amounts established by the Federal Home Loan Mortgage Corporation [Freddie Mac] and or Federal National Mortgage Association [Fannie Mae].

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A conforming loan fits the guidelines established by the Federal Home Loan Mortgage Corporation [Freddie Mac] and or Federal National Mortgage Association [Fannie Mae].

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