Posts tagged Conventional Mortgage
LLPA: Loan-Level Pricing Adjustment in Regards to Home Loans

Loan-Level Pricing Adjustment (LLPA) is a type of risk-based fee imposed on conventional mortgage borrowers.

Read More
What are Interested Party Contributions?

Interested Party Contributions are costs or fees paid by a party other than the seller, who has a stake of interest in the sale of the property.

Read More
Is a VA loan Better Than a Conventional Loan?

If you’re a veteran or surviving spouse who qualifies for a VA loan, you might be wondering if it’s really the most cost-effective way to buy a home. Since VA loans do have a wide variety of benefits, most people would say yes. But, in reality, the truth can be more complex; while VA loans are often the best option for eligible borrowers, they aren’t always the smartest choice. Keep reading to learn when to use a VA loan and when to stick to a conventional mortgage, and why.

Read More
What do you need to qualify for a conventional loan?

Qualifying for a conventional loan varies by lender. Many different factors come in to play, such as credit score, employment history, debt to income ratio, how much you are willing to spend on a down payment, and even the amount you are trying to borrow.

Read More