Conventional Loans

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FHA Loan vs. Conventional: Which Is Better for You?

People will often find themselves asking which is a better low-down-payment mortgage: The Conventional or the FHA loan? FHA loans accept credit scores that start at just 580, along with a 3.5% down payment, which makes them a great option for people with low-to-average credit. However, insurance is always required

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How to Get Conventional Loan With 3% Down

In 2014, Fannie Mae and Freddie Mac (federally-sponsored home mortgage enterprises formed by the U.S. Congress) announced a 3 percent down conventional mortgage loan product that was created to make it easy for more people to become homeowners. Those who previously wouldn’t qualify or those who don’t have the necessary

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Low-Income Homebuyers Success Stories Thrive with Conventional Loans

You don’t need a huge savings account or a high-paying job to land a new home. There are many low-income mortgage programs for those on a tight budget. In addition, community assistance and grant money are also widely available. While this may sound unbelievable during these times of stricter rules

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Conventional VS. FHA Loans: Which Is Cheaper?

Federal Housing Administration (FHA) loans are the best option for first time home buyers, and conventional mortgages are only for established buyers. That statement is false. These loans have different qualifications and have distinct advantages, and you can’t simplify them like that. Learning about these two types of loans will

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Types of Conventional Loans to Fund Your Dream Home

A conventional loan, which is most popular among homebuyers for home financing, comes in more than one flavor. Conventional loan types enjoy a reputation of being a safe option for mortgages. Since a conventional loan is not made by, backed by, secured by, or insured by the government, the private

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Compare FHA and Conventional Loans to Make the Best Choice

If you are planning to buy a home, you should acquaint yourself with the different options of mortgage loans available. To ease the burden of uncertainty, this article will walk you through two of the most popular home loans that you can apply for: FHA loans and conventional loans. Buying