Which type of loan is not secured by a government entity and usually has the best rate and term?

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asked May 15, 2022 210k views

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Moody · Answer 1 · 2022-05-20T17:08:30+0000

Answer: Conventional Mortgage

Explanation:

A conventional mortgage or conventional loan is a home buyer's loan that is not offered or secured by a government entity. It is available through or guaranteed by a private lender or the two government-sponsored enterprises—Fannie Mae and Freddie Mac.

Which type of loan is not secured by a government entity and usually has the best rate and term?

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