Conventional mortgages are funded by private lenders rather than government-backed agencies. Most often, these loans are then sold to government-sponsored enterprises like Fannie Mae or Freddie Mac to provide liquidity to the nation’s mortgage market.
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in my opinions, Simply put, conventional denotes that the loan does not fall under a particular government programme.
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According to me, Conventional loans are mortgage loans provided by private lenders who are not directly backed by the government.
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