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…

FAQ – How Will a Government Shut-down Delay My Mortgage Loan Application?

There’s been a lot of rhetoric coming from both sides of the congressional aisles these days; from Democratic and Republican parties and even a few in between. But  recently the media has begun reporting government shutdown fallacies as facts. I’ve stayed out of this very heated political discussion for obvious reasons, but when a client recently sent…

What’s a Streamlined FHA 203(k) Rehab Loan good for?

What Is a Streamlined FHA 203k Loan? This loan can help you buy and repair a fixer-upper or what is sometimes called a Handyman special FHA 203k loans are loans that are insured  by the Federal Housing Administration The federal government designed these loans to encourage lenders to fund seemingly risky home purchases. Risky, because…