Answered

What type of loan is neither guaranteed nor insured by government agencies?

A. Conventional
B. Federal Housing Administration (FHA)
C. U.S. Department of Agriculture (USDA)
D. U.S. Department of Veterans Affairs (VA)



Answer :

GinnyAnswer

Final answer:

Conventional loans are not backed by government agencies unlike FHA, USDA, and VA loans.


Explanation:

Conventional loans are the type of loans that are neither guaranteed nor insured by government agencies. Unlike FHA, USDA, and VA loans which are backed by government agencies, conventional loans lack this government guarantee or insurance.


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