Conforming loan
Conforming loan
A conforming loan is a proposed debt facility that meets the lender's standards. Such standards might specify the collateral, the borrower's qualifications, the loan amount, and the repayment terms. Pertaining to real estate loans, conforming mortgages are those that meet federal standards. These loans are eligible for resale to Fannie Mae or Freddie Mac.
6.11
5.83
