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 What is the threshold for a conventional home loan?

Answer In most areas of the United States, a conventional mortgage in 2010 is any loan amount that is less than $417,000. However, in high-cost areas, such as California, Hawaii and Alaska, this number ca... Read More »
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Top Q&A For: What is the threshold for a conventional home loan

Is a VA loan better than a conventional home loan?

On One Hand: VA Loan AdvantagesVA loans are underwritten by the Veterans Administration and were created to give veterans the opportunity of home ownership, with the usual credit score and down pay... Read More »
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What is the difference between a conventional& FHA home loan?

The FHA is a division of the U.S. Department of Housing and Urban Renewal known as the Federal Housing Administration. The primary task of the FHA is to assist banks in lending out money to America... Read More »
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What is the minimum down payment on a conventional home loan?

A conventional home loan, which is underwritten by either Freddie Mac or Fannie Mae, requires a minimum down payment of 5 percent of the purchase price of the home. The down payment may be up to 20... Read More »
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How much do you have to put down on a conventional home loan?

Conventional home loan down payments vary based on several factor, such as income, home purchase price, personal assets, credit score and property type--condo or single family. Depending on the len... Read More »
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