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Conventional 3% Down Mortgages 27 FAQ’s

Frequently Asked Questions and Answers to the new Conventional 97% Mortgage.

Is the Conventional 97 a government-backed mortgage program?

Yes, the Conventional 97 mortgage program is backed by the government. It’s offered via Fannie Mae only. The program is not available via Freddie Mac, nor is it available via the Federal Housing Administration (FHA), Department of Veterans Affairs (VA) or the U.S. Department of Agriculture (USDA).

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What Should I Expect to Pay in Raleigh-Cary for Rent?

Wages are the number one factor in determining the value of rents which is why until recently New York City had the highest rents.

Today you might be surprised to learn that the Williston Herald (North Dakota) reports that Apartment Guide found that a 700-square-foot, one-bedroom apartment in Williston costs an average of $2,394 a month. The same apartment would cost $1,504 in the New York area, $1,411 in Los Angeles or $1,537 in Boston. Continue reading What Should I Expect to Pay in Raleigh-Cary for Rent?