What is conforming loan?
A conventional mortgage that meets Fannie Mae and Freddie Mac eligibility standards and falls within the FHFA conforming loan limit, allowing it to be sold into the agency secondary market.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.