In the context of mortgages, “traditional” usually refers to a conventional mortgage loan that is not backed by the government, such as the Federal Housing Administration (FHA) or the Veterans Administration (VA).
A traditional mortgage loan is typically offered by a bank or other financial institution and requires a higher credit score and a larger down payment compared to government-backed loans.
The latest baseline increase in conforming loan limits has enabled loan originator Dave Krichmar’s client to make a 5% down payment instead of 10%. The self-employed homebuyer found an $800,000 home in Texas, but with […]
CEDAR CREEK, Texas — At HousingWire Annual on Tuesday, HousingWire Lead Analyst Logan Mohtashami demystified “the madness” unfolding in the bonds market in front of an audience of more than 400 real estate and mortgage […]
Copyright © 2024 | MH Magazine WordPress Theme by MH Themes