A conforming mortgage adheres to certain guidelines around credit, loan size and other factors. For a conventional loan, those guidelines are set by the Federal Housing Finance Agency (FHFA), the regulator that oversees Fannie Mae and Freddie Mac. The FHFA standards include a 620 minimum credit...
s known as “conforming loans,” which “conform” to a set of standards set by Fannie Mae and Freddie Mac. Conventional loans boast great rates, lower costs, and home buying flexibility. So, it’s no surprise that it’s the loan option of choice formore than 60% of all mortgage ...
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