Why is an fha loan better than a conventional loan?

Answer There are numerous types of mortgages on the market today. However, Federal Housing Administration (FHA) mortgages are a good option for borrowers who have low credit scores and who can offer only ... Read More »

Top Q&A For: Why is an fha loan better than a conventional loan

Is a Fannie Mae loan a conventional loan?

Fannie Mae, a federally appointed enterprise that works with the secondary mortgage market, is not a direct lender, but instead works in a partnership with mortgage bankers and brokers, as well as ... Read More »

Is a settlement loan a conventional loan?

A settlement loan and a conventional loan are not related. A settlement loan, also known as a lawsuit loan, is a secured loan based on the amount the person receiving the loan is likely to win in a... Read More »

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 »

How Is a VA Loan Better Than a Conventional Loan?

The Department of Veterans Affairs (VA) offers a loan guarantee service to help veterans and active-duty service members afford home ownership. Through the guarantee, the VA offers insurance to a p... Read More »