Related FAQs
A conventional mortgage (also known as a non-FHA loan) is a type of home loan that is not insured or guaranteed by the federal government. Instead, it's backed by a private lender—such as Better Mortgage. Conventional loans are the most common type of home loan, making up nearly three quarters of home loans. If you apply for a conventional loan with less than a 20% down payment, you'll be required to pay for private mortgage insurance (PMI). Read more
A conventional mortgage (also known as a non-FHA loan) is a type of home loan that is not insured or guaranteed by the federal government. Instead, it's backed by a private lender—such as Better Mortgage. Conventional loans are the most common type of home loan, making up nearly three quarters of home loans. If you apply for a conventional loan with less than a 20% down payment, you'll be required to pay for private mortgage insurance (PMI). Read more
In light of the COVID-19 outbreak, Better Mortgage is offering loan forbearance, waiving late and overdraft fees for loans in forbearance, and suspending foreclosures for all clients whose loans we service. We’re also suspending negative credit reporting for borrowers in a forbearance plan consistent with Fannie Mae guidelines. For more information on the Better response to COVID-19, check out our COVID-19 newsroom. Read more
In light of the COVID-19 outbreak, Better Mortgage is offering loan forbearance, waiving late and overdraft fees for loans in forbearance, and suspending foreclosures for all clients whose loans we service. We’re also suspending negative credit reporting for borrowers in a forbearance plan consistent with Fannie Mae guidelines. For more information on the Better response to COVID-19, check out our COVID-19 newsroom. Read more