Tim Lucas

Payment Difference between FHA and Conventional 97 - Conventional 95

Ask Tim · Conventional Loans · FHA Loans · Private Mortgage Insurance

What is the Difference Between an FHA and Conventional Loan in Cost and Benefits?

January 7, 2020

Q: I have good credit of about 730. I meet the requirements for both FHA and Conventional 97. I plan to live in the home for 6+ years. Which has […]

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Conventional Loans · Home Buying

Buy a House in 2020 with a Conventional Loan

January 1, 2020

Also known as conforming loans, conventional loans “conform” to a set of standards set by Fannie Mae and Freddie Mac. Conventional loans boast great rates, lower costs, and homebuying flexibility. So, it’s […]

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FHA Loans · Home Buying · USDA Home Loans · VA Home Loans

100% Financing Home Loans for 2020

December 4, 2019

100% financing home loans are essentially no money down home loans — they’re mortgages that finance the entire purchase price and eliminate the need for a down payment. Large down […]

FHA Loans · Mortgage Strategy · Refinance

FHA Streamline Refinance: Negotiate Zero Out-of-Pocket Closing Costs

November 21, 2019

Mortgage interest rates are at historic lows across all major loan types. Ellie Mae’s October 2019 Origination Report stated FHA loans are no exception — average mortgage interest rates decreased […]

VA Home Loans

VA Entitlement Codes & Eligibility for 2020

November 18, 2019

Commonly known as VA home loans, mortgage loans backed by the Veterans Administration offer Veterans and active-duty servicemembers a way to buy a home with zero down payment and lenient […]

FHA Loans · Refinance

FHA Streamline Refinance Rates & Guidelines for 2020

November 15, 2019

The FHA streamline refinance program helps current FHA homeowners lower their interest rate and monthly payment — it’s a quick and cost-effective way to refinance with lenient documentation requirements and […]

Refinance · VA Home Loans

VA Home Loan Refinance Options: Find Better Rates and Cash Out Home Equity

November 4, 2019

The VA home loan is hands down the best purchase in today’s mortgage market. But the VA also provides refinancing options as well. The VA offers two main refinance types. Each […]

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Understanding Mortgages

A Complete Guide to Home Loan Closing Costs

October 28, 2019

Any home loan whether its to purchase a new home or to refinance a current loan will come with closing costs. Closing costs cover a variety of fees related to […]

FHA Loans · Refinance

FHA Mortgage Insurance Refund Guidelines [Chart]

October 17, 2019

When you get an FHA loan, you pay a mortgage insurance premium at the time of closing. This initial premium is the called the upfront mortgage insurance premium (also known […]

Understanding Mortgages

5 Appraisal Problems That Can Affect Your Mortgage Approval

October 11, 2019

A home appraisal is an estimate to determine the market value of a home. In addition to purchase loans, appraisals are also ordered when refinancing a loan or when attempting […]

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What is the Difference Between an FHA and Conventional Loan in Cost and Benefits?

Buy a House in 2020 with a Conventional Loan

More

100% Financing Home Loans for 2020

FHA Streamline Refinance: Negotiate Zero Out-of-Pocket Closing Costs

VA Entitlement Codes & Eligibility for 2020

FHA Streamline Refinance Rates & Guidelines for 2020

VA Home Loan Refinance Options: Find Better Rates and Cash Out Home Equity

A Complete Guide to Home Loan Closing Costs

FHA Mortgage Insurance Refund Guidelines [Chart]

5 Appraisal Problems That Can Affect Your Mortgage Approval

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