Conventional loans are simply loans that are not insured by the government.  If the loan size of a conventional loan is $417,000 or less, then it is known as a conforming conventional loan.  If the loan size exceeds $417,000, then the loans falls into the category of a non-conforming loan more commonly called a Jumbo loan.  Interest rates on Jumbo loans are higher than rates for conforming loan amounts. 

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