What are the differences between conventional mortgages and government-backed mortgages (such as FHA, VA, and USDA loans),
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What are the differences between conventional mortgages and government-backed mortgages (such as FHA, VA, and USDA loans), and how do these distinctions impact borrower eligibility, down payment requirements, and credit risk ?
Expert Answer:
Conventional mortgages and governmentbacked mortgages including FHA VA and USDA loans differ in several key aspects including borrower eligibility criteria requirements prepayment and credit risk Here... View the full answer
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