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5 Sorts of Mortgage Loans and How To Select One


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¹ Info from the FHA’s, “FHA Mortgage Necessities,” as of February 5, 2024: https://www.fha.com/fha_loan_requirements

² Info from the Nationwide Affiliation of Residence Builder’s “Eye on Housing,” as of February 5, 2024: https://eyeonhousing.org/2023/08/new-home-sales-increasingly-backed-by-fha-loans/

³ Info from the Shopper Monetary Safety Bureau’s “Standard Loans,” as of February 5, 2024: https://www.consumerfinance.gov/owning-a-home/loan-options/conventional-loans/

⁴ Info from the Fannie Mae’s “Promoting information,” accessed February 7, 2024: https://selling-guide.fanniemae.com/Promoting-Information/Origination-thru-Closing/Subpart-B3-Underwriting-Debtors/Chapter-B3-5-Credit score-Evaluation/1041363231/What-is-the-minimum-credit-score-requirement.htm

⁵ Info from the Shopper Monetary Safety Bureau’s “Adjustable-Fee Mortgages” as of February 5, 2024: https://information.consumerfinance.gov/f/paperwork/cfpb_charm_booklet.pdf

⁶ Info from the Federal Housing Finance Company’s, “FHFA Declares Confirming Mortgage Restrict Values for 2024” as of February 5, 2024: https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Declares-Conforming-Mortgage-Restrict-Values-for-2024.aspx

⁷ Info from the FHA’s “FHA Loans and Mortgage Insurance coverage Necessities” as of February 5, 2024. https://www.fha.com/fha_article?id=1373

⁸ Info from the U.S Division of Veterans Affairs, “VA Residence Loans,” as of February 5, 2024: https://www.advantages.va.gov/homeloans/

⁹ Info from the United State Division of Agriculture’s, “Rural Growth Single Household Housing Direct Mortgage Program,” as of February 5, 2024: https://www.rd.usda.gov/websites/default/information/RD-DirectLimitMap.pdf.

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