Conforming Loan Limits – Conventional Loan Limits | 2020

Conventional Loan Limits

The Federal Housing Finance Agency (FHFA) recently announced that 2020 conventional loan limits would be raised to $510,400 for single-family homes.  This increase in conforming loan limits has gone up almost $100,000 since 2016. These limits may be exceeded if the property is located in a high-cost area. Read More

Low Down Payment Mortgage Programs

Low Down Payment Mortgage

The mortgage down payment is a barrier faced by first-time home buyers for generations. Even if you have steady employment and good credit scores, a large down payment can be much harder to achieve. Read More

0% Down Mortgage Options: Home Loans with No Money Down

0% Down Mortgage Loans

Zero-down mortgage loans make it entirely possible for you to purchase a home with little resources or cash on hand. All you really need to achieve homeownership with a 0% down mortgage is the ability to meet the loan requirements for the program.  In fact, several popular no money down mortgage options are readily available today, and a few others are nearly zero down. Read More

USDA Loan Requirements | 2020

USDA Loan Requirements

USDA home loans are one of two zero down mortgage programs still available in America to buy a new home.  As with any mortgage, there are groups of specific requirements that must be met before an applicant is approved. Read More

USDA Loans

USDA Loans

In today’s housing market, anyone looking to purchase a home with nothing down finds themselves with limited options. Fortunately, USDA home loans still offer 100% financing with low mortgage rates for home purchases. And these rural development loans can be used across most areas of the country. Don’t overlook the no-down payment mortgage options offer through USDA loans. Read More

Conventional Loans – Conventional Conforming Loan Programs

Conventional loans have been considered the garden variety mortgage program for over 80 years. The term ‘conventional loan’ is defined as any mortgage that isn’t guaranteed or insured by a government agency. Today’s conventional loans may be either “conforming” or “non-conforming”, although ‘conforming loan’ programs are often loosely referred to as ‘conventional loans’. Conventional conforming loans are conventional programs that meet or ‘conform’ to guidelines set forth by the Federal Housing Finance Agency (FHFA), as well as the funding criteria for either Fannie Mae and Freddie Mac.

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FHA Loans – 2020 FHA Loan Programs

FHA Loans

What is an FHA Loan?

An FHA loan is a mortgage program thats’s perfect for today’s first-time home buyers.  During the last decade, tightened housing regulations and poor wage growth have left many people feeling like owning a home is beyond their reach. More than ten million Americans can still hold on to their homeownership dreams thanks to flexible FHA loan requirements, which have helped over 40 million people achieve homeownership since 1934. Read More

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