admin

FHA loans are government-insured mortgages with less-rigorous criteria for borrowers. FHA loans are not the only type of government-backed home loans, learn more about VA and USDA loans as well.

How much do you need to save for a down payment? Conventional loans usually require 5% to 20% down payment. Government-backed programs require 3% or less. Learn about the many options to help you with your down payment like grants and second mortgages.

Closing costs are fees charged by lenders during the purchase of a home. Find out what types of costs can be included in the closing fees.

PMI, or private mortgage insurance, is only required for conventional loans with less than a 20% down payment on the home purchased, usually paid monthly.