Posts Covering Conventional Loans
May 25, 2017 in Conventional Loans
A conventional refinance can lower your rate, pay off any loan, remove mortgage insurance, and more. Conventional refinance guidelines and rates for 2017.
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.
September 9, 2016 in Conventional Loans
Another low-downpayment option is available to today's home buyers. The 97% LTV program can be used to refinance, too. Q&A plus access to live rate quotes.
January 27, 2016 in Conventional 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.
With foreclosures proliferating, PMI defaults are up 26 percent over last year and double the levels from 2007. Private mortgage insurers are paying out on many more claims than was expected and, as a result, are booking huge losses. Homeowners are about to pay the price. To shore up balance sheets and protect against future losses, mortgage insurers have raised insurance rates and toughened underwriting guidelines.
September 9, 2008 in Conventional Loans
For owners of investment properties, the mortgage market is getting ugly. In its last act as a semi-private company, Fannie Mae updated its lending guidelines Friday, this time slapping new restrictions and additional fees on income-producing properties. The most impactful change is Fannie Mae's new, 4-property limitation. Based on the...
2017 Conforming, FHA, & VA Loan Limits
Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)