Very few houses turn into “forever” homes. But that begs a question: What the minimum amount of time you should stay put before moving?
New research shows making the down payment is the greatest financial barrier to homeownership. But the good news is you may not have to put down as much as you think. The trick is choosing the right loan or assistance program. Find out what you can afford and qualify for. And consider creative strategies to help save for the down payment.
A conventional refinance can lower your rate, pay off any loan, remove mortgage insurance, and more. Conventional refinance guidelines and rates for this year.
More than 60% of home buyers use a conventional loan; it’s not hard to see why. Low rates and three-percent-down options are fueling the loan’s popularity.
Another low down payment mortgage option is available to today’s home buyers. The 97 percent LTV program can be used to refinance, too. Q&A plus access to live rate quotes.
If you have 5% or even 3% down, should you choose a conventional loan? You might get a cheaper payment — and $0 down — with USDA.
When you want to make a low down payment, conventional mortgages can be less expensive and easier to access than FHA, VA, or USDA loans.
Government-backed programs are no longer the only low-downpayment option. Conventional loans now offer similar benefits.
Fannie Mae’s Conventional 97 mortgage program is official. Just 3% down and ultra-low mortgage insurance rates. Easy-to-follow guidelines.