Home Mortgage

Part Ii Learn About Your Home Mortgage Options Section


Part Ii Learn About Your Home Mortgage Options Navigation


Stress and Anxiety Guide Home Page
Tell A Friend about us
New Jersey Home Mortgage Rates |
Lender Home Mortgage Loan Rate California |
California Home Mortgage Refinance Bad Credit Loans |
High Risk Home Mortgage Lenders Online |
Home Mortgage Loan Rate Online |
Florida Refinance Home Mortgage |
Lender Home Mortgage Loan Rate California |
New York Home Mortgage Loan |
Va Fha Home Mortgage Loan |
Fha Home Mortgage Loan Bad Credit California Refinance |
Home Mortgage Refinancing Lender Xxasdf |
Di Home Mortgage Refinance |
Di Home Mortgage Refinance |
Current Home Mortgage Interest Rates Fl |
Primary Home Mortgage Loan |

List of home-mortgage Articles

Social bookmarking
You like it? Share it!
socialize it

Main Part Ii Learn About Your Home Mortgage Options sponsors


Newest Best Sellers


Welcome to Home Mortgage


Part Ii Learn About Your Home Mortgage Options Article

Thumbnail example

Part II: Learn About your Home Mortgage Options

from: Mark Mathis

Conventional Mortgages

A conventional mortgage is one that is not insured or guaranteed by the government. Conventional loans with a downpayment of less than 20% typically require private mortgage insurance (PMI), which protects the lender if the homeowner defaults on the loan. For more information about conventional loans, please check the Web sites of Fannie Mae and Freddie Mac, the two primary puchasers of conventional loans.

FHA-Insured Loans

The Federal Housing Administration (FHA), which is a part of the US Department of Housing & Urban Development (HUD), operates several low-downpayment mortgage insurance programs that buyers can use to purchase a home. FHA-insured loans generally require the buyer to make a three percent cash contribution to the downpayment and closing costs. FHA-insured loans are available from most of the same lenders who offer conventional loans.

The maximum FHA-insured loan amount for a one-family home ranges from about $172,632 to $312,895 depending on local area median home prices and other factors. Your lender can provide more details about FHA-insured mortgages and the maximum loan amount in your area, or find information on FHA’s loan limits directly from HUD’s Web site.


Be sure to read Part III of this article at:



About the author:

Mark Mathis is a building designer and publisher of several stock house plan websites and informational resources including http://www.HousePlanCentral.com,
http://www.HousePlanGallery.com, and http://www.moneytalks-bswalks.com. Be sure to visit each site and subscribe to our eNewsletters to receive special offers, promotions, and subscriber-only features.