conventional mortgage loan

Noun

Meaning

conventional mortgage loan (plural conventional mortgage loans)

(US, finance) A fixed- or adjustable-rate, fully amortized loan secured by a mortgage or deed of trust that is not insured or guaranteed by an agency of the federal government (such as FHA or VA). (Source: Office of Thrift Supervision [1])

Source: en.wiktionary.org

Close letter words and terms

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