mortgage loans: Loan Options for Buying a Home
- 06/27/18 07:39 AM
Thinking about buying home, but not sure what type of loan you should get? Here is a breakdown of the four types of loans. A conventional loan is a home loan not insured by the federal government. You will need to have good credit to use this type of loan. A score of 620 is the minimum credit score you can have. A conventional loan is also the only option for investors; people who want to buy a property that isn’t their primary residence. A down payment of anywhere from 5-20% may be required. If you put 20% or more down you … (1 comments)
Thinking about buying home, but not sure what type of loan you should get? Here is a breakdown of the four types of loans.
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