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9. A couple is seeking a conventional loan to purchase a loan. They've met with a lender who has provided a Loan Estimate. The finance charges include 2.5% origination origination fee, two discount points, and the closing costs are 1.25 percent of the loan amount. Their interest rate is 3.0%, with an APR of 3.859%. The APOR (as of the date of the loan interest rate they locked) is 3.08%. What type of loan is this?
Higher priced loan
conforming mortgage
Section 203(k) loan
High cost loan
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