17

Aug
2016
Posted in:
Home loans

What is an FHA loan?

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If you’re buying your first home, you’ve probably already heard that an FHA loan is THE loan for you. While it’s true that FHA-insured mortgages are an attractive option for many new buyers, it’s not the only option—and FHA loans are not just for first-time homebuyers! Check out our FHA FAQ below, then be sure …

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25

Aug
2015
Posted in:
Home loans

A simplified guide to mortgage options

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Buying a home soon? Be sure to weigh your mortgage options. Click on each loan type in the chart to see if it might fit your situation. Remember, this is just a simplified starting point. Multiple loan options may be available to you. Your best resource for loan shopping is your loan officer.   Please …

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11

Aug
2015
Posted in:
Home loans

What is a conventional loan?

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A conventional mortgage loan is one of a class of generic loans that can be originated by any lender, as opposed to loans guaranteed or issued by a government agency—like FHA, USDA or VA loans. Because more entities originate conventional loans, they can come in a variety of packages. Types of conventional mortgages Conforming May …

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27

Jul
2015
Posted in:
Home loans

What is a USDA loan?

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The USDA (short for United States Department of Agriculture) doesn’t just certify that your favorite cut of beef is fit for the grill; among many other things, it also guarantees or directly provides loans to qualified homebuyers in rural communities. If you’re a low- to moderate-income applicant in an eligible rural area, USDA financing might …

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