Frequently Asked Mortgage Questions 2019-09-13T12:39:48+00:00

What is an FHA loan?

September 13th, 2019|Categories: Mortgage FAQ|

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.

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How much for a down payment?

September 13th, 2019|Categories: Mortgage FAQ|

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.

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What is PMI?

September 12th, 2019|Categories: Mortgage FAQ|

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.

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