Showing posts with label FHA. Show all posts
Showing posts with label FHA. Show all posts

March 31, 2012

Michael Petruccelli asks; What are some tips for first time home buyers?(9)

Michael Petruccelli says; You can ask your agent for a referral to a mortgage broker or check with your own bank / credit union. Compare the types of mortgages available to you and your GFE.

November 15, 2011

Michael Petruccelli asks; What is a government loan (mortgage)?

Michael Petruccelli says;  A mortgage that is insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA) or the Rural Housing Service (RHS). Mortgages that are not government loans are classified as conventional loans.