Definition
Conforming Loan
A loan meeting Fannie Mae and Freddie Mac guidelines, including the annual conforming loan limit, and therefore saleable to them.
Nearby terms
Commitment Letter
A lender's formal written agreement to make a loan on stated terms, usually subject to remaining conditions.
Comparable Sales
Recently sold properties similar in location, size and condition, used to establish market value.
Contingency
A condition in a purchase contract that must be satisfied for the deal to proceed.
Conventional Loan
A mortgage not insured or guaranteed by a government agency.
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