Related FAQs
Learn what FHA stands for, how FHA loans work, and why theyâre a great option for first-time buyers with lower credit scores and smaller down payments. Read more
Learn what FHA stands for, how FHA loans work, and why theyâre a great option for first-time buyers with lower credit scores and smaller down payments. Read more
Find out why mortgage lenders ask for a 2-year history of self-employed income to verify your financial stability & support, & improve your loan application. Read more
Find out why mortgage lenders ask for a 2-year history of self-employed income to verify your financial stability & support, & improve your loan application. 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 lenderâsuch 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 lenderâsuch 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