First time buyers are often cash - challenged; they may not have enough cash for covering a 20 percent down payment and closing costs as required for conventional mortgage loans. (fhaloanpros.com)
In the years following the housing crisis, there weren't very many lenders offering conventional mortgage loans with 3 % down payments. (homebuyinginstitute.com)
A corporation established to purchase primarily conventional mortgage loans in the secondary market. (shoprate.com)