Definition: A real estate loan that is neither FHA- insured or VA-guaranteed.
Pronunciation: \kən-ˈvench-nəl, -ˈven(t)-shə-nəl\ \ˈlōn\
Used in a Sentence: We were able to purchase our house by obtaining a conventional loan.
Definition: A real estate loan that is neither FHA- insured or VA-guaranteed.
Pronunciation: \kən-ˈvench-nəl, -ˈven(t)-shə-nəl\ \ˈlōn\
Used in a Sentence: We were able to purchase our house by obtaining a conventional loan.