Conventional Loan

If you are buying a house, finding the right type of mortgage to finance the home is one of the most important decisions you’ll have to make. Many buyers believe they have to commit to a 20% down payment. The truth is there are options available through Fannie Mae and Freddie Mac that make lower…

Many people assume they can’t buy a home because they don’t have a big enough down payment. The truth is, there are several loan options that can help bypass this obstacle, such as the HomeReady mortgage.  The HomeReady mortgage is a conventional loan and is one of the easiest mortgage programs to qualify for. With…

Many first-time home buyers believe you need to have a 20 percent down payment. However, the good news is, there are many low-down-payment mortgage options available.  As a first-time homebuyer, it’s possible to get a conventional mortgage with a down payment as low as 3%. In fact, the average down payment for a first-time homebuyer…

If you are considering buying a home soon, chances are you have a number of questions running through your head. One of those questions might be whether or not you have enough saved for a down payment.  There’s no need to stress, though. There are many low and even zero down payment options you may…

The appraisal process is an important step when buying a home. When applying for a mortgage, the loan amount depends on the value of the home appraisal. If you submitted an offer higher than what the home is appraised for, then you might not get your full loan amount financed and could pay more than…

Conventional Loan Limits are Increasing to $647,200 in 2022 Within the past year, we have seen the demand for homes increase and inventory decrease, resulting in the cost of homes spiking tremendously. These increased prices have left Fannie Mae and Freddie Mac no other option than to raise the conventional loan limits exponentially for 2022. …