Loan Types

Feb. 13, 2023

Conventional Loan Program: An Overview for Homebuyers

Young Couple walking to the bank

Conventional Loan Program: An Overview for Homebuyers

 

As a prospective homebuyer, you have several options when it comes to financing your new home. One of the most popular options is a conventional loan program. In this post, we will discuss what a conventional loan program is, how it works …

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Posted in Home Buying, Loan Types
Jan. 9, 2023

What is an Owner-Carry Contract?

What is an Owner Carry Real Estate Contract?

Real estate can be a complicated business, especially when it comes to financing. One of the most common solutions for buyers and sellers is an owner-carry contract. What is an owner-carry real estate contract? In this blog post, we will explore what …

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Dec. 1, 2022

What is a Conventional Loan?

What is a Conventional Loan?

A conventional loan, or “conforming” loan, is a form of mortgage financing that is issued by banks and lending institutions. It is considered a “conventional” loan because it follows the guidelines set by government-sponsored organizations such as Fannie Mae and Freddie Mac. These guidelines are …

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Posted in Home Buying, Loan Types
Nov. 30, 2022

What is an FHA Loan?

What is an FHA Loan

If you’re looking to buy a home, you may have heard of an FHA loan. But what exactly is an FHA loan? It stands for Federal Housing Administration and it is a type of mortgage loan that is insured by the United States federal government …

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Posted in Home Buying, Loan Types
Nov. 17, 2022

5 Things to Know About Mortgage Insurance

5 Things to Know About Mortgage Insurance

If you’ve ever looked into buying a house, you know that there are a lot of processes and factors to consider. One of the most important is understanding how mortgage insurance works. Mortgage insurance helps protect lenders from losses due to loan default …

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Posted in Home Buying, Loan Types