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Home
—›
mortgage
?
A conforming loan is defined as one
for an amount that meets Federal National
Mortgage Association (FNMA) standards.
for a house in a neighborhood of conforming
properties.
that is protected by private mortgage
insurance (PMI).
that is fully amortized
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
A. A conforming loan meets FNMA underwriting standards and limits on the loan amount.
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