conventional mortgage loan

From Wiktionary, the free dictionary
Jump to navigation Jump to search

English[edit]

Noun[edit]

conventional mortgage loan (plural conventional mortgage loans)

  1. (US, finance) A fixed- or adjustable-rate, fully amortized loan secured by a mortgage or deed of trust that is not insured or guaranteed by an agency of the federal government (such as FHA or VA). (Source: Office of Thrift Supervision [1])
Retrieved from "https://en.wiktionary.org/w/index.php?title=conventional_mortgage_loan&oldid=62467894"