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Tag: Conventional Loans

Fannie and Freddie’s 3% Down Payment Targets First-Time Home Buyers

By on December 11, 2014 in Market Updates, Mortgage Programs
Fannie and Freddie’s 3% Down Payment Targets First-Time Home Buyers

Real Estate Media Host, Frank Garay of National Real Estate Posts expands on the new programs at 3:19 While there are concerns of another mortgage crisis in the making and skeptical lenders questioning the likelihood of safe lending, Fannie Mae and Freddie Mac executives assure that the new 97% LTV program is safe-guarded enough. Encouraging […]

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Rising MIP Affecting FHA Mortgage Loans

By on September 5, 2014 in Mortgage Programs
Rising MIP Affecting FHA Mortgage Loans

The FHA at one point in time was more appealing to a wider range of homeowners with their easier credit standards, lower down payment requirements (as little as 3.5%) and their acceptance of an LTV (Loan-to-Value) of 96.5% in all mortgage type properties. FHA Mortgage Insurance Premiums are getting way too high for current FHA […]

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