Conventional Loans | My Mortgage Insider

Conventional 97% LTV Program: Buy a Home with 3% Down In 2020

June 15, 2020

What is a Conventional 97 Loan Program? The 97% loan-to-value (LTV) purchase program allows homebuyers to purchase a single family home, condo, co-op, or PUD with just a 3% down […]

Conventional Loans · Home Buying · Understanding Mortgages

Buy a Home for an Elderly Parent and Get Lower Interest Rates

May 12, 2020

You can buy a house for an elderly parent and get better interest rates by classifying it as “owner occupied.” The Family Opportunity Mortgage is a great way to help aging parents.

Buying a home with less than 20 percent down

Conventional Loans · FHA Loans · USDA Home Loans · VA Home Loans

Mortgages That Don’t Require A 20% Downpayment

March 9, 2020

Low Downpayment Mortgage Options Many home buyers believe they need a 20% downpayment to buy a home. This misconception could stop buyers before they start, and cost them years of […]

Conventional Loans · News · Refinance

Conventional Refinance Rates, 2020 Loan Limits and Guidelines

March 5, 2020

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 […]

Conventional Loans · FHA Loans · Private Mortgage Insurance · Refinance

Cancel your FHA Mortgage Insurance Today

March 2, 2020

An FHA loan sounded like a good idea at the time. Now, not so much. That’s what many FHA home buyers are saying. The reason: high mortgage insurance premiums, month […]

Conventional Loans

Conventional Mortgage Down Payment Requirements

March 1, 2020

You want the best mortgage for your lifestyle and your pocketbook. Choosing between a conventional mortgage or a government-backed loan such as a Federal Housing Administration (better known as FHA) […]

Conventional Loans · FHA Loans · Home Buying · News · Private Mortgage Insurance

Piggyback 80 10 10 Loans Will Save You Money in 2020

February 21, 2020

An 80 10 10 loan is a mortgage option in which a home buyer receives a first and second mortgage simultaneously, covering 90% of the home’s purchase price. The buyer puts just 10% down. This loan type is also known as a piggyback mortgage.

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 […]

Credit score average for closed loans dropping

Conventional Loans · News

Mortgage Approval Became Easier In November

December 29, 2016

Many home buyers noticed the rising rates throughout the month of November. However, some may be surprised to find out that it actually became slightly easier to be qualified for […]

Category: Conventional Loans

Conventional 97% LTV Program: Buy a Home with 3% Down In 2020

Buy a Home for an Elderly Parent and Get Lower Interest Rates

More

Mortgages That Don’t Require A 20% Downpayment

Conventional Refinance Rates, 2020 Loan Limits and Guidelines

Cancel your FHA Mortgage Insurance Today

Conventional Mortgage Down Payment Requirements

Piggyback 80 10 10 Loans Will Save You Money in 2020

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

Buy a House in 2020 with a Conventional Loan

Mortgage Approval Became Easier In November

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