Conventional Loans

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High credit borrowers and FHA loans

High Credit Borrowers Save Money with Conventional Loans over FHA
November 8, 2013

Historically, when borrowers wanted to buy and finance a home with as little of a down payment as possible typically gravitated toward FHA home loans. This loan program is a popular choice among first time homebuyers primarily due to the feature of little down and relaxed underwriting guidelines when compared to conventional mortgage loans approved […]

Recent Posts

Conventional 97% LTV Program: Buy a Home with 3% Down.
June 1, 2016

Home buying just got a lot easier. Fannie Mae and Freddie Mac, the country’s two main mortgage rule-making agencies, now allow home purchases with just a 3% down payment. The 97% loan-to-value (LTV) purchase program allows homebuyers to purchase a single family home, condo, co-op, or PUD without coming up with a full 5% down payment […]

Conventional Refinance Rates, 2016 Loan Limits and Guidelines
June 1, 2016

A conventional refinance is the loan of choice for many homeowners in today’s market. While HARP and FHA have dominated the refinance market in years past, the standard conventional refinance is becoming the go-to option now that home equity is returning across the nation. >>Click here to check today’s low conventional refinance rates.<< With a conventional refinance, homeowners […]

Fannie Mae Delayed Financing Rule - no seasoning requirement cash purchase reimburse

Fannie Mae Delayed Financing: Reimburse a Cash Home Purchase with no Seasoning Requirement
July 17, 2014

It’s a rather odd term and something that’s somewhat counter-intuitive at first glance. The term “delayed financing” might indicate nothing more than putting off a home purchase or waiting to qualify for a mortgage. But it is a new term and something that Fannie Mae came up with in 2011. The loan program is currently […]