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FHA loans: Definition, requirements and limits
Bankrate via Yahoo Finance· 2 days agoThese go into the Mutual Mortgage Insurance Fund (MMIF) that covers loss claims. Although you’ll pay the premiums as the borrower, FHA mortgage insurance...
How to prepare for FHA appraisal requirements
Bankrate via AOL· 6 days agoKey takeaways An FHA appraisal assesses your home’s market value and condition to determine whether the home loan is a sound investment for the...
FHA loan requirements for 2024
FOX Business· 6 days agoThe maximum DTI for an FHA loan is 43% unless the borrower has “acceptable compensating factors,” in which case you can be approved with up to a 47% DTI ...
No-doc mortgage: What is it and can you still get one?
Bankrate via Yahoo Finance· 14 hours agoHowever, the terms and credit requirements needed to get approved for a no-doc mortgage are...
VA loans: What they are and how they work
Bankrate via AOL· 6 days agoThese types of mortgages have more relaxed baseline requirements than conventional loans, and sometimes better interest rates, too. Here’s a...
Today's 15-year mortgage rates go down while 30-year mortgage rates hold steady | April 23, 2024
FOX Business· 2 days agoThe interest rate on a 15-year fixed-rate mortgage is 6.500% as of April 23, which is 0.125...
What is an energy-efficient mortgage (EEM)and how can it save you money?
Bankrate via Yahoo Finance· 5 days agoWhat is an energy-efficient mortgage (EEM)? An energy-efficient mortgage (EEM) is a loan for...
What is a loan-to-value ratio?
Bankrate via Yahoo Finance· 6 days agoLoan-to-value ratio requirements by loan type There are many types of mortgages, and their specific loan-to-value ...
What is correspondent lending?
Bankrate via Yahoo Finance· 2 days agoCommunication with the lender: Unlike with a mortgage broker, you deal directly with the entity funding your loan and setting the guidelines. They can...
Georgia Dream Peach Plus loan program aims to make homeownership possible
AOL· 3 days agoGeorgia has launched the Georgia Dream Peach Plus loan program, aiming to make homeownership more accessible for a wider range of buyers across the state.