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What is a conventional loan?
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- Anonymous1 decade agoFavorite Answer
This is the best loan you can get when purchasing a home. You will need a very good credit score to get one and a 20% downpayment. It is locked at an interest rate not like the new mortgage loans which are very creative.
- 1 decade ago
It's the opposite of a Jumbo loan, which is what millionaires use to finance their million dollar properties.
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