Definition
Conventional Loan
A mortgage not insured or guaranteed by a government agency. Most conform to Fannie Mae or Freddie Mac guidelines.
Nearby terms
Conforming Loan
A loan meeting Fannie Mae and Freddie Mac guidelines, including the annual conforming loan limit, and therefore saleable to them.
Contingency
A condition in a purchase contract that must be satisfied for the deal to proceed.
Credit Utilization
Revolving balances as a percentage of available credit.
Debt Service Coverage Ratio
Gross rental income divided by PITIA.
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