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Government-Backed Mortgages Vs Conventional Home Loans

September 17, 2019 By Joe Wallace Leave a Comment

Differences between conventional mortgages and government backed home loans

Do you know the difference between a conventional mortgage and a government-backed home loan such as an FHA loan, VA mortgage, or USDA home loan? There are two big areas some are concerned with; those areas are down payments and mortgage insurance. We’re looking at the differences between conventional and government-backed home loans with this in mind since a home loan down payment and the insurance you’ll need over the course of the loan are … [Read more...]

Filed Under: homes, money Tagged With: down payment, home loan, lending, mortgage, no money down, real estate

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