Mortgages - What you need to know!

This first time home buyer flowchart helps to demystify the home buying process.  From establishing affordability, to credit scores, down payment information, and the proper documents you need.  You might notice this is from another lender, but the information is the same for all lenders and for soon to be home buyers.If you have any questions at all give me a call.

For potential homeowners, especially first-time buyers, deciding what loan to choose can make all the difference in securing a mortgage. This page describes two of the most popular loan types: conventional mortgage loans and FHA mortgage loans. To determine which loan best suits your circumstances, take some time to consider the pros and cons of each and make an educated decision. The Differences between FHA vs. Conventional The differences between an FHA loan and a Conventional loan are many, but the differences in value are subjective. FHA home loans are for those with low credit scores and in need of down payment assistance Conventional home loans are for those with a credit score over 720 and over 20% for down payment FHA Loan Advantages Low Down Payments (3.5% minimum) Low minimum Credit Score (500) New High Loan Limit ($729,750, but determined by county limit) Easy Streamline Refinancing Available Easier Qualification Guidelines Government Provided Down P...