Tag Archive for: conventional loans

Sellers Don’t Sign Conventional Doc’s, Do Sign FHA Docs

Realtors often ask if there are any documents among our “loan documents” that sellers need to sign. FHA loan documents require seller-signatures. Conventional loan documents do not. Once a property […]Read More

3% Down Conventional Is Back

Conventional Lenders are again financing purchases with only 3% down (the option was not available for about a year). The maximum loan amount is $417,000. For loan amounts from $417,000 […]Read More

We Push 5% Down Conventional Over FHA, If Loan Is Under $417,000

We had a buyer come to us this weekend who had been approved for FHA financing by an online lender. The buyer, however, was very well qualified and should have been encouraged […]Read More

Can Use 75% of Rents for Income; 85% for FHA

We discussed rental income in previous blogs and had questions in regard to how much of the rental income we can use. For a refinance, we use the income from […]Read More

FHA Loans Do Not Take Longer Than Conventional

We are frequently asked by Realtors if we can close FHA loans as fast as conventional loans, and our answer is always the same: “of course.” FHA loans do not […]Read More