General Mortgage Knowledge · 20% of the SAFE exameasy
Correct answer: Backed by a government agency guarantee
Conventional loans are NOT backed by a government agency — that's what makes them "conventional." Government-backed loans include FHA (insured by FHA), VA (guaranteed by VA), and USDA (guaranteed by USDA).
CRAM ARCADE has the full NMLS question bank, timed practice exams, focus drills on your weakest category, flashcards and spaced repetition. No credit card.
Start studying free