Conforming loan

A conforming loan is a mortgage that is equal to or less than the dollar amount established by the conforming loan limit set by the Federal Housing Finance Agency (FHFA) and meets the funding criteria of Freddie Mac and Fannie Mae. For borrowers with excellent credit, conforming loans are advantageous due to the low-interest rates affixed to them—Read more at Investopedia. Kagan, Julia. “Conforming Loan Definition.” 23 April 2019.