Conforming And Nonconforming Loans: What's The Difference?
Video Credit: Wochit Tech - Duration: 00:51s - Published
Conforming And Nonconforming Loans: What's The Difference?
Would-be home buyers have lots of choices to make when it comes to shopping for a mortgage.
Many people go with government-backed mortgages, such as those offered by the FHA, the VA, or the US Department of Agriculture.
But according to Business Insider, another option is to get a 'conforming loan.'
The loan isn't issued by the government, but still meets government requirements.
