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conventional mortgage loan
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English
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Noun
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conventional
mortgage
loan
(
plural
conventional mortgage loans
)
(
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]
)