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The Difference Between Conventional and Non Conventional Mortgages

The Difference Between Conventional and Non Conventional Mortgages Simply put, a conventional mortgage is not backed by the government while non-conventional mortgages are backed by the government. Examples of non-conventional mortgages include the FHA, VA, USDA and HUD Section 184 programs. Almost all other loans are conventional mortgages . Non-conventional mortgages usually require borrowers to […]