One of the first questions many homebuyers ask is whether they should get a conventional loan or an FHA loan. Here’s a look at qualification requirements for each loan type to help you decide.
Both FHA and conventional loans can help you buy a home. But which one is better for your situation?
FHA loan limits vary by county and range from $524,225 to $1,209,750 for a single-family home within the continental United States.
PMI can help first-time buyers purchase a home even if they don't have a 20% down payment, but they have to know how to cancel it when it's time.
Private mortgage insurance, or PMI, is likely the least understood aspect of homebuying.
Self-employed Americans can have more challenges due to the variability of their income.
Buyers of more expensive homes might be surprised at how little some lenders require for a down payment.
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.
The FHA announced updates to calculations for monthly student loan payments that will make it easier for some applicants to qualify for a home loan.
Pandemic-level mortgage rates are expected to be around at least through the end of 2022, according to a forecast from Fannie Mae, the world’s largest mortgage buyer.
