Conventional Loans – Conventional Conforming Loan Programs

The term ‘conventional loan’ is defined as any mortgage that isn’t guaranteed or insured by a government agency. As a result, conventional loans have long been considered the ‘garden variety’ of mortgage programs. Conventional loans can be either “conforming” or “non-conforming”. 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 Refinance Costs and Fees

The fees that FHA charges its borrowers are different depending on the type of refinance loan. The fees for FHA streamline loans used to be significantly less expensive than cash-out or rate-term refinances.  With recent changes, that is no longer the case and the fees are often comparable.  FHA refinance mortgage programs contain two different kinds of mortgage insurance paid on each loan. Read More

FHA Refinance Options | 2020

You already own a home, so you’re probably somewhat familiar with the mortgage process. If you’ve never refinanced through FHA you might think that it’s more complicated because you’re involved with a government agency. Read More

FHA Cash-Out Refinance

FHA Cash-Out Refinance

Gain financial freedom: FHA Cash-Out Refinance

With interest rates at current lows, now’s the perfect time to wipe away your high interest debt for a clean start or pay for other expenses such as medical debt, home improvement, student loans or any other major expenses that you need paid. Examples of high interest debt that can be paid: Read More

USDA Refinance Program

USDA Refinance

The USDA Refinance Pilot Program was originally introduced in 2012 to give rural home owners a chance to take advantage of record low interest rates. This pilot program was a success, therefore the program has permanently matured into the USDA Streamline Refinance. Read More

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