conventional vs government loans: Conventional vs. Government Loans 2016 - 01/08/16 05:43 AM

 
Conventional vs. Government Loans
FHA, VA, and RHS mortgages are government loans. All other mortgages are conventional loans.
FHA loans are administered by the Federal Housing Administration (FHA), part of the U.S. Dept. of Housing and Urban Development (HUD). FHA administers mortgage loan programs with lower down payment requirements that are easier to qualify for than conventional loans. FHA loans can't exceed the statutory limit. The loans are made by private lenders and insured by FHA. FHA loans are attractive to first-time home buyers, lower-income borrowers, and those with limited down payments.
VA loans are also made by private lenders, but are guaranteed by … (1 comments)

conventional vs government loans: Conventional vs. Government Loans - 12/11/15 12:59 AM
 
 
 
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William  Piotrowski (Diamond Residential Mortgage Corporation )

William Piotrowski

Naperville, IL

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Diamond Residential Mortgage Corporation

Address: 130 West Jefferson Ave. Suite 208 , Naperville , IL , 60540

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