Now might be a good time to think about a Conventional loan with only 3% Down. Why you ask? Well with FHA’s new mortgage insurance policy in place for both the 30 year and 15 year loans, a good alternative is a Conventional loan especially when we can get you one with only 3% down!!
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Mortgage Insurance is a very important part of every FHA loan since a loan that only requires a 3.5% down payment is generally viewed by lenders as a risky proposition.
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