FHA Loans Part 2 – Financial Benefits In FHA Loans Part 1 – I talked about how many Homebuyers choose FHA Loans because it is easier to qualify for an FHA Loan compared to Conventional Loan Programs. Many people, including mortgage professionals and realtors, think this is the ONLY reason ...
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Common question: Are there any Jumbo Loan options available if you have less than perfect credit? Jumbo loans are mortgage loans that are over the conforming Loan Limit. For most of Colorado, that is loans over $453,100 (up to 679,650 in some areas). The Jumbo Loan market has many different ...
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What’s the minimum credit score for a VA home loan approval? The VA does not have a minimum credit score for a VA Home Loan. However, most lenders do have minimum credit score requirements and that can vary. Although a lender could technically approve a borrower with a credit score ...
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Are VA Loans a Good Option? The answer is simple, YES. VA Home Loans are one of the best mortgage options available. For those unfamiliar, the VA Home Loan Program is a mortgage guaranteed by the Department of Veterans Affairs. Qualifying Veterans, active-duty personnel, Reserve members, National Guard members, and ...
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20% down payment is anything but standard. Making a smaller down payment will involve some form of private mortgage insurance (PMI). This is a fee paid to limit the lender’s risk when there is a lower down payment. However, there are plenty of great options available for those without a ...
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FHA loans are one of the most popular loan options for homebuyers (not just First-Time Buyers). And this isn’t anything new, as the FHA Loan Program has been at the forefront since its introduction back in 1934. Why is the program so popular with borrowers and lenders? Well, lenders like ...
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