Frequently Asked Questions
We have the answers to all the common mortgage loans FAQs. If your question is not here, do not hesitate to keep your questions and consult our experts.
A: depending on your credit score your down payment will vary. If your credit is 580 or above you will need 3.5% down payment. If you are 579 or below you will need 10% down payment.
A: Down payments on Conventional home loans vary from as low as 3 percent to 20 percent.
A: Yes, there is a loan program that the lender will waive the appraisal.
A: Yes, there a loan program called Home Advantage and USDA.
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A loan given by a bank, mortgage company or other financial institution for the purchase
of a primary or investment residence. A home mortgage is one of the most common forms of debt, and it
is also one of the most advised.