HomeServicesBlogDictionariesContactSpanish Course
Back to search

conventional mortgage loan

Noun CEFR C1

Definitions

A fixed- or adjustable-rate, fully amortized loan secured by a mortgage or deed of trust that is not insured or guaranteed by an agency of the federal government (such as FHA or VA). (Source: Office of Thrift Supervision https://web.archive.org/web/20060618191009/http://www.ots.treas.gov/glossary/gloss-c.html)

US

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
See all C1 English words →

See also

Learn this word in context

See conventional mortgage loan used in real conversations inside our free language course.

Start Free Course

Know this word better than we do? Language is a living thing — help us keep it growing. Collaborate with Babel Free