Freddie Mac’s Home Possible vs Fannie Mae’s HomeReady: Which is better?
If you want to buy a home without a large down payment, there are plenty of government-backed programs available. But the opportunities don’t end there. Fannie Mae and…
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Conventional Loans
Fannie Mae HomePath: The Low Down Payment Loan Ended in 2014
Editor’s note: Fannie Mae discontinued the HomePath program on October 6, 2014. Buyers must have had a completed home purchase contract dated on or before this date to…
Conventional Streamline Refinance | Guidelines & Rates 2026
A conventional refinance is any refinance loan that conforms to guidelines set by Fannie Mae or Freddie Mac. This type of refinance is available with as little as…
FHA vs Conventional Loan: Which Is Better?
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.…
Get A Mortgage With Less Than 20% Down
Low down payment 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…
When Lender Paid Mortgage Insurance Makes Sense
More and more borrowers today are looking for ways to finance their home purchase without making a full 20% down payment. As FHA continues to increase fees, many…
What’s Better: FHA or Conventional?
It’s not always an easy choice. FHA and conventional loans are both widely available, and both can offer competitive mortgage rates. FHA has typically been the mortgage loan…
Pros & Cons of FHA Loans: When Should You Get One?
You want to buy a house. Good for you. But you don’t have a lot of money to put down on it, and your credit history isn’t as…
HARP Alternative: Fannie Mae 97 LTV Refi & Freddie Mac Home Possible Advantage
Homeowners who have been locked out of HARP may have another chance to refinance with Fannie Mae’s new conventional 97% LTV “mini-HARP 3.0” program. Fannie Mae and Freddie…
New Report Suggests Conventional Loan Applicants Enjoy Higher Success Rate
A conventional loan offers low rates, few fees, and an easy approval process. Throughout home finance history, conventional loans have been the first choice for most people buying…