Conventional Versus FHA Loans: Which Is Best for You in 2024? When purchasing a house, selecting the appropriate mortgage is a significant choice. The two most popular mortgage options are conventional loans and FHA loans. If you’re a first-time homebuyer or trying to figure out the best way to finance a new home, you’re probably…
In this blog, we will cover Fannie Mae changes on conventional loans. Fannie Mae has recently made Fannie Mae Guidelines changes to Conventional loans, which should open up lending to people living in a home but not currently on the title or on the mortgage, to refinance. Fannie Mae and Freddie Mac are the two…
This Article On Fannie Mae HomeStyle Mortgage Guidelines And Requirements HomeStyle Mortgage is Fannie Mae’s equivalent of HUD’s equivalent of the FHA 203k Loan Program. Fannie Mae has a special mortgage loan program called HomeStyle Mortgage HomeStyle Mortgage Loans is Fannie Mae’s comparable of an FHA 203k Rehab Mortgage Loan With Fannie Mae’s HomeStyle Mortgage Loan,…
This ARTICLE On Conventional Mortgage Guidelines Versus Other Loan Programs Was PUBLISHED On February 28th, 2020 Conventional Mortgage Guidelines Versus Other Loan Programs and tips for qualifying and getting a mortgage approval: Many blog posts written by Gustan Cho Associates educate our readers on FHA and VA mortgages In this blog, we are going to…
This article is about Conventional Loan Waiting Period After Housing Event And Bankruptcy Conventional Loan Waiting Period Explained There are Conventional Loan Waiting Period requirements after bankruptcy, foreclosure, deed in lieu of foreclosure, and short sale. Fannie Mae and Freddie Mac are the two mortgage giants that make up the conventional mortgage lending guidelines Fannie…
There are many reasons to refinance your mortgage loan. Refinancing from an FHA mortgage into a conventional loan is a very common practice This is a great opportunity to stop paying mortgage insurance and lower your monthly mortgage obligation This time will go down in history with some of the lowest interest rates ever seen…
FNMA Bankruptcy Guidelines for 2024: Qualifying for a Conventional Loan After Bankruptcy Navigating the mortgage world after bankruptcy can feel overwhelming, but it doesn’t have to be. If you’re hoping to buy a home or refinance, you’re probably wondering what your options are, especially when getting approved for a conventional loan. Fannie Mae (FNMA) plays…
Can You Get a Conventional Loan With Collection Accounts in 2024? If you’re worried about collection accounts and qualifying for a conventional loan, you’re not alone. Many homebuyers—especially first-time buyers—believe you need flawless credit and no collection accounts to qualify for a mortgage. Fortunately, that’s not the case! Eligibility for a conventional loan is possible…
Many people have heard Fannie Mae and Freddie Mac. Both Fannie Mae and Freddie Mac are the two mortgage giants that purchase home loans from mortgage companies They then package them up and resell them to the secondary market as Mortgage Backed Securities also referred to as MBS Many folks wonder whether Fannie Mae and Freddie Mac…
This guide will cover the types of mortgage options for homebuyers. Taking out a loan can be daunting, especially if you need to learn about mortgages. Wendy Lahn, a dually licensed real estate agent, and loan officer, shared the following: For starters, you should know that not all loans are the same, with the main…
Apply Now This article will cover fixing credit to qualify for conventional loans. Sometimes, mortgage borrowers needed conventional loans instead of FHA, VA, and USDA loans. For example, borrowers with very high student loan balances may only qualify for conventional loans. This is because Fannie Mae and Freddie Mac was the only loan program that…
This article covers Conventional Mortgage Guidelines And Requirements For Borrowers A conventional loan is a residential home loan that conforms to Fannie Mae and Freddie Mac mortgage lending standards and guidelines. Lenders need to meet Conventional Mortgage Guidelines in order for them to sell loans they originate and fund on the secondary market to Fannie…
This Article On Homepath Renovation Mortgage Financing Guidelines Was UPDATED And PUBLISHED On July 19th, 2019 The HomePath Renovation Mortgage was extremely popular at one time. This is where a home buyer can purchase a HomePath property which are properties that are owned by Fannie Mae HomePath homes are homes that have been foreclosed upon and…