What are Conforming and Non-Conforming Loans? - ANDREWS MORTGAGE OF OCALA FLORIDA

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What are Conforming and Non-Conforming Loans?

Conventional Loans are divided between two types: Conforming and Non-Conforming. Conforming Loans are typically given to borrowers with higher credit scores than are Non-Conforming Loans. Conforming Loans also are generally “Fannie Mae” or “Freddie Mac” loans.

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