Back to Glossary
Conforming Loan
January 19, 2023
A conforming loan is a mortgage that fits the Federal Housing Finance Agency's (FHFA) dollar restrictions as well as the funding standards of Freddie Mac and Fannie Mae. Conforming loans are helpful for customers with excellent credit because of their low-interest rates.
Related Topics
10 Best Home Builders in Nashville, TN: Find Your Dream Home Today
Wesley Mortgage 2023 Year-In-Review
What Is a Property Tax Lien
What Is an Adjustable Rate Mortgage (ARM)?
Navigating the Process of Mortgage Modification
What Is Non-Recourse Lending?
What Is a Short Sale?
When Is the First Mortgage Payment Due?