conforming loan
- A mortgage loan of a size that either qualifies for purchase by Fannie Mae or can be guaranteed by the Federal Housing Administration, with the amount limit being adjustable and potentially higher in high-cost areas
- The couple was relieved to find out their mortgage was a conforming loan and could be backed by the government.
- The bank suggested opting for a conforming loan as its limit was adjusted to accommodate the high cost of living in the city.
- The small business loan they applied for was too large to be considered a conforming loan.
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