What is an FHA loan?
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.
How much for a down payment?
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.
What are Closing Costs?
Closing costs are fees charged by lenders during the purchase of a home. Find out what types of costs can be included in the closing fees.
What is PMI?
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.