Mortgage FAQ

What is an FHA loan?

2019-10-09T08:00:56+00:00

FHA loans are government-insured mortgages with less-rigorous criteria for borrowers. FHA loans are not the only type of government-backed home loans, learn more about VA and USDA loans as well.

What is an FHA loan? 2019-10-09T08:00:56+00:00

How much for a down payment?

2019-10-09T08:06:42+00:00

How much do you need to save for a down payment? Conventional loans usually require 5% to 20% down payment. Government-backed programs require 3% or less. Learn about the many options to help you with your down payment like grants and second mortgages.

How much for a down payment? 2019-10-09T08:06:42+00:00

What is PMI?

2019-10-09T08:24:11+00:00

PMI, or private mortgage insurance, is only required for conventional loans with less than a 20% down payment on the home purchased, usually paid monthly.

What is PMI? 2019-10-09T08:24:11+00:00