The following will compare an FHA loan vs Conventional mortgage, not to show that one is better than the other, but to highlight the strengths of each mortgage.
FHA Loan vs Conventional Mortgage: What’s The Difference
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Requirements For an FHA Home Loan in Florida
How To Qualify For An FHA Loan in Florida The FHA loan has long been a standard for first-time homebuyers and experienced home buyers alike to purchase a home. There are many reasons why this program continues to be popular among potential homeowners. Here we present some of the basic guidelines of the program for […]
VA Loan In Florida
VA Loan in Florida Veterans who live in the sunshine state of Florida can use the VA home loan program for a purchase loan or refinance. This program, which is backed by the Department of Veterans Affairs, is a benefit offered to men and women who served our great country. For many reasons, this loan […]
Gift of Equity Conventional Loan
Rather than provide their kids or grandkids with a check as a down payment on a home, some people choose to offer a gift of equity on an existing home.
Government Loans
If you are looking to make a low down payment or if you are a veteran, the government may be able to help you with a Wisconsin, Illinois, Minnesota or Florida purchase or refinance! Check out these great government mortgage programs: FHA Mortgage Home Loans FHA loans are loans insured by the Department of Housing […]
USDA Rural Housing Income Limits
A USDA loan is a great way to buy a house. The ability to borrow up to the home’s value at interest rates that are competitive with FHA and conventional loans makes this a great option for first-time home buyers. There are also new USDA income limits that make the USDA mortgage even better in […]
USDA Loan Florida
Florida USDA Home Loan Buying a home without making a down payment can be rather difficult. Most conventional mortgages require at least some type of down payment that ranges from 3% to as much as 20% of the home’s selling price. For a $200,000 home that can mean $6,000 to $40,000 out of your pocket! […]
10 FHA Guidelines EVERY Home Buyer Should Know
FHA guidelines prospective buyers need to keep in mind when shopping for their home. FHA approved lenders are able to offer mortgages with enticing rates for people that might not qualify for a Fannie Mae or Freddie Mac home loan.
USDA Mortgage
The United States Department of Agriculture (USDA) offers a loan program known as the USDA Guaranteed Rural Housing Loan or just USDA Rural Housing mortgage. This program has been around for a number of years and is a great option for buying a home. The USDA Rural Housing Mortgage program is unique in three ways […]
FHA Loan Limits
According to a recent update from the Federal Housing Administration, also called FHA, there are higher loan limits available. All areas around the country will benefit from the FHA floor maximum loan limit of $498,257. This amount is the new maximum for a single-family home. FHA also offers financing for multi-unit homes, up to a […]
