Low Down Payment Mortgage Options - FHA Loan vs Conventional Loan

Low Down Payment and First Time Home Buyer Programs 2023 Edition

100% FHA! Conventional 1% down mortgage + 2% down payment assistance! What are Low Down Payment, First Time Home Buyer Programs 2023? First Time Home Buyer Programs 2023 Edition What are the low down payment mortgage and first time home buyer programs available in 2023? VA still offers 100%, zero-down financing. But what if you’re […]

Mortgage Insurance MI

Mortgage Insurance – Who needs it?

Who needs Mortgage Insurance? If you’re buying a house with less than 20% down payment, the answer is YOU. Mortgage Insurance is often abbreviated in the industry as “MI”. Some conforming home loans with less than 20% down do offer “No MI” or Lender-Paid MI. That option can be advantageous if you only plan to be […]

Loan Max VA and Conforming Loan Limits

Loan Max VA & Conforming Loan Limits 2021

Loan Max – VA Loan Limits and Conforming Loan Limits Loan Max Updated and Increased for 2021 – although the US Department of Veteran Affairs does not set a limit for VA Home Loans – most lenders do set limits and the VA Home Loan limits match Conforming Loan Limits. See VA Loan Benefits. Conforming Loans […]

Private Mortgage Insurance

Private Mortgage Insurance – Your Flexible Partner

Private Mortgage Insurance It’s easy to think of Mortgage Insurance as an unnecessary evil since it only protects the lender. Decide for yourself: Quick Facts Private Mortgage Insurance is required when you have a Conventional loan with less than 20% down payment. Abbreviations are often used in the industry: MI for Mortgage Insurance PMI for Private […]