Is that the reason for

it? This is the reason why there's a difference at all.

Because Fannie Mae will back conventional loans.

All conventional loans are called conforming loans.

That's the $832,750 amount.

They're backed by Fannie Mae and Freddie Mac, which means they're quasi-government organizations that... will essentially protect from major default.

You know what I mean? So they're not, conventional mortgages aren't private.

Okay, that's cool.