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Conventional Loan vs FHA: What’s Better for You?

February 17, 2023 by 1 Comment

If you’re looking to start your homebuying journey, you may be wondering how different loan products compare and which one is right for you. Two of your most popular options will likely be an FHA (Federal Housing Administration) loan or a conventional mortgage. In this article, you’ll learn everything you need to know about FHA... View Article

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How FHA 203K Loans Work and How to Qualify

January 17, 2023 by

For buyers working with a budget or current owners looking to upgrade their homes, an FHA 203k loan comes with many benefits. Not only do FHA 203k loans wrap your renovation costs and mortgage into one payment, but they typically have easier income and credit requirements as well as lower down payment options. Here’s what... View Article

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Trump Reverses Reduction in FHA Mortgage Insurance Costs

January 20, 2017 by Leave a comment

On January 27th, new cuts to the FHA’s mortgage insurance premiums were supposed to go into effect. That won’t be happening now, though. Earlier in the month, Julián Castro, the outgoing Secretary of the Department of Housing and Urban Development, announced  a 25 basis point cut in mortgage insurance for FHA borrowers. “After four straight years of growth... View Article

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Tips for Qualifying for a Mortgage Today

January 12, 2016 by Leave a comment

Lending standards for refinances have loosened considerably over the past two years, but, despite years of discussion, it’s difficult to qualify for a mortgage to buy a house. Tough lending standards are still keeping some buyers out of the housing should manage their credit scores and reduce debt long before they apply for a mortgage.... View Article

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What is an FHA Loan & What Are The Main Benefits?

August 14, 2015 by Leave a comment

In 1934, the long road to recovery began for the U.S. economy. For the housing market, this meant the creation of the Federal Housing Administration (FHA) loan. The loans issued under this program are insured by the federal government, decreasing the risk of loss for lenders. With its less stringent rules, more borrowers were able to... View Article

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