Conventional Loan Down Payment Gift Requirements: What You Need To Know
There are now more ways than ever to receive gift money for your conventional loan down payment.
September 25, 2023 7 MIN
There are now more ways than ever to receive gift money for your conventional loan down payment.
You can have up to 10 conventional loans, but here are exceptions and rules you need to know.
Some non-taxable income can be increased by 15-25% or more. Find out if this little-known mortgage rule can help you.
We take a look at features and benefits of both conventional and USDA loans to help you decide which one might work better for you.
Private mortgage insurance, or PMI, is likely the least understood aspect of homebuying.
Far Rockaway Village in New York is the kind of housing Fannie Mae wants to invest more in: Homes that low-income people can afford in their own neighborhood.
Construction data shows outlying counties of smaller metro areas experienced a 20.7% growth rate. Somewhat more dense small metro core areas posted a smaller 15.7% annual growth rate.
ARMs are looking better and better after 30-year fixed rates touched a 20-year high.
Opting for an ARM instead of a fixed-rate mortgage can be a good strategy if a homebuyer doesn't plan to stay in the house for more than five to seven years.
Whether mortgage rates decline or by how much remains unknown and depends largely on how many hikes the Fed will make in its drive to curb high inflation.
“A surprising bounce back in new-home construction is welcome,” said Lawrence Yun, chief economist of the National Association of Realtors.
Our research indicates that FHA loan limits could increase in 2024, but it's still too early to make a final determination.
Offering to let a buyer assume your loan can get you top dollar for your home. Options for sellers and buyers if the home has a non-assumable conventional loan.
Don't wait until you find your dream house to check your credit reports for errors.
Having a good credit score gets you a better mortgage interest rate, lower fees and, if you have less than a 20% down payment, cheaper PMI.
