Apr 22 , 2016

Tampa School of Real Estate

Nonconventional Loan

Definition:   a mortgage loan, such as an FHA or VA,  that is insured or guaranteed by the federal government

Pronunciation:    \(ˈ)nän-kən-ˈvench-nəl, -ˈven(t)-shə-nəl\

Used in a Sentence:   We applied for a nonconventional loan when purchasing our house.

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