FHA mortgage limits
FHA mortgage limits FHA mortgage limits are the dollar amount limits for qualifying mortgages that the FHA will insure as part of its single-family home […]
300 total views, 0 today
FHA funding fee
FHA funding fee The Federal Housing Administration (FHA) requires an FHA funding fee and a monthly insurance premium (MIP) for most of its single-family programs. […]
301 total views, 0 today
Fannie Mae
Fannie Mae The Federal National Mortgage Association (Fannie Mae) purchases and guarantees mortgages from lending institutions in an effort to increase affordable lending. Fannie Mae […]
300 total views, 0 today
Equity
Equity Equity is the amount your property is currently worth minus the amount of any existing mortgage on your property.
319 total views, 0 today
Earnest money
Earnest money Earnest money is a deposit a buyer pays to show good faith on a signed contract agreement to buy a home. The deposit […]
322 total views, 0 today
Down payment programs or grants
Down payment programs or grants A down payment grant or program typically refers to assistance provided by an organization such as a government or non-profit […]
322 total views, 1 today
Down payment
Down payment A down payment is the amount you pay toward the home upfront. You put a percentage of the home’s value down and borrow […]
338 total views, 1 today
Demand feature
Demand feature The Closing Disclosure has a statement that reads “Your loan has a demand feature,” which is checked “yes” or “no.” A demand feature permits […]
323 total views, 0 today