There are many different loan programs out there today and it can seem a little overwhelming, especially to the first-time homebuyers. In this video interview, we discuss the differences between FHA (Government-backed loans) versus a Conventional Loan. We briefly review different criteria and what those requirements are with the different loan products. My guest speaker was Yvonne Hemmingsen, Mortgage Loan Consultant, with Diversified Capital.
The first step in the home-buying process is to sit down with your Mortgage Loan Specialist to determine what the best loan product is for you. There are many options to choose from based on your financial situation and credit worthiness. The information in this video was based on information available as of Dec. 15, 2009 and is subject to change.
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