Are conventional loans backed by Fannie Mae?

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asked Oct 13 in Real Estate - Renting by Dallas J (240 points)
Are conventional loans backed by Fannie Mae?

1 Answer

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answered Oct 13 by voleexport (450 points)
Most conventional loans are referred to as a conforming mortgage that are eligible for purchase by Fannie Mae.

In the United States a Conforming loan is a Mortgage that conforms to GSE guidelines.

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