Archive | Financing

VA Loans

What is a VA Loan?

A VA loan is a mortgage loan that is available to mosts veterans, and is guaranteed by the U.S. Department of Veteran Affairs. Benefits of a VA Loan? Because VA loans are guaranteed by the Department of Veteran Affairs, which reduces the risk to the lender, the lender can usually offer more competitive interest rates, […]

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Young couple meeting loan officer

What is an FHA Loan?

An FHA loan is a mortgage that is insured by the Federal Housing Administration. The FHA actually only insures the loan, the loan itself originates from an FHA approved lenders Because of the built-in mortgage insurance, FHA loans often have relaxed qualification requirements and attractive interest rates. Unlike conventional loans, buyers can use savings or other […]

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Mortgage: Conventional Loan

What is a Conventional Home Loan?

For the majority of buyers, the choices of how to fund their new home purchase comes down to either a conventional loan or an FHA loan. Military veterans may also eligible for a VA loan, and of course, cash is always welcome. Conventional Loans A Conventional Home Loan (often referred to as a “traditional” loan) is […]

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