This Article Is About Conventional Loan Programs And Qualifying Requirements Conventional Loan Programs need to conform to Fannie Mae and/or Freddie Mac Mortgage Guidelines. Fannie Mae and Freddie Mac are the two largest buyers of mortgages in the secondary market and set agency guidelines on Conventional loans. Conventional loans are not insured by the government […]
This Article Is About Conventional Versus FHA Mortgage Lending Guidelines There Are Many Differences Between Conventional Loans Versus FHA Loans. Borrowers may benefit from one loan program over the other. Each case will need to be evaluated on an individual case-by-case basis. There have been major changes with Conventional Versus FHA Mortgage. In this article, […]
This Article Is About FHA Versus Conventional Loan After Bankruptcy And Foreclosure Homebuyers can qualify for a mortgage loan after bankruptcy, foreclosure, deed in lieu of foreclosure, short sale. However, there are mandatory waiting periods after bankruptcy and foreclosure with government and conventional loans. There are major waiting period differences with FHA Versus Conventional Loan […]
This Article Is About Fannie Mae Bankruptcy Guidelines For Conventional Loans Fannie Mae Bankruptcy Guidelines state the waiting period to qualify for a Conventional Loan after Bankruptcy. Conventional loans are often referred to as conforming loans because they need to conform to Fannie Mae and Freddie Mac Guidelines. Fannie Mae Bankruptcy Guidelines will also explain […]
What Are The Waiting Period Requirements On Conventional Versus FHA Loans On Chapter 13 Bankruptcy? There is no waiting period requirements after Chapter 13 Bankruptcy discharged date on FHA loans but Conventional loans require a two-year waiting period.
This Article Is About Fannie Mae Guidelines On Multiple Bankruptcies On Conventional Loans Mortgage loan borrowers can qualify for a mortgage after bankruptcy. All government and conforming loans have a mandatory waiting period after bankruptcy. To qualify for FHA Loan after bankruptcy, there is a two-year waiting period after the discharge date of a Chapter […]
This Article Is About Myths And Truths About Conventional Loans Versus FHA Mortgages What do you believe is the most pervasive myth about conventional mortgage financing? When people think of conventional loans, they think they need a 20% down payment and great credit. This is not true. Conventional loans are not backed by any government […]
How Can I Qualify For A Conventional Loan With Bad Credit With High Student Loan Balance? You can qualify for a conventional loan with outstanding collections and charged-off accounts at Gustan Cho Associates as long as you have an approve/eligible per automated underwriting system. Conventional loans is the only loan program that accepts IBR payments.
This Article Is About Conventional loan With Low Credit Scores Mortgage Guidelines Conventional Loans are different than government loans with pricing mortgage rates versus credit scores. Conventional Mortgages are extremely credit-sensitive due where the lower the credit scores, the higher the mortgage rates. Government Loans are FHA Loans, VA Loans, and USDA Loans. FHA, VA, […]
Homeowners With FHA Loans Should Consider A Conventional Refinance Loan While Mortgage Rates Are At Historic Lows And Avoid Paying FHA MIP. Mortgage rates are at historic lows and many home values have skyrocketed in the past several years. Many homeowners with FHA loans can benefit by refinancing to a conventional mortgage and avoid paying LPMI.