What Factors Affect Mortgage Rates
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What Factors Affect Mortgage Rates Pricing on Home Loans

ByAlex Carlucci Posted on

Lenders base each borrower’s credit scores as well as other risk factors when determining mortgage rates. The higher the risk of a borrower, the higher the rate. It is best for each borrower to maximize their credit scores and other layered risks to get the best mortgage rates.

First-Time Buyer 3 Percent Down Payment Conventional Loan
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First-Time Buyer 3 Percent Down Payment Conventional Loan

ByLaurie Cho Posted on

What Are The 3% Down Payment Conventional Loan Requirements And Guidelines? Fannie Mae and Freddie Mac allow a 3% down payment on conventional loans for first-time homebuyers. A first-time homebuyer is a buyer who had no ownership of a home in the past three years.