Loans that are able to "conform" to the underwriting guidelines of Fannie Mae or Freddie Mac are called "conforming" or "conventional" loans. Conforming loans are probably the "most popular" option for people with decent credit, a job and a "normal" house because in order to get a conforming loan, you need all three.  If one of the three criteria changes (credit, employment, loan amount) then … [Read more...]