Sentences with phrase «types of government insured»

Not exact matches

This type of insurance policy is used for conventional home loans (that are not insured by the federal government).

You basically have two primary choices to make when choosing a type of mortgage loan: (1) fixed or adjustable interest rate, and (2) conventional or government - insured home loan.

This type of insurance policy is used for conventional home loans (that are not insured by the federal government).

There are other types of low down payment options that also include MI, such as the government - insured loans backed by the Federal Housing Administration (FHA).

Although 90 % of all reverse mortgage loans in the United States are the government - insured Home Equity Conversion Mortgages (HECM), there are actually several types designed for different purposes.

There are three types of federal government insured HECMs that Montana residents may choose.

South Carolina residents can choose from three types of HECM, all insured by the federal government.

Oregon residents can choose from three types of federal government insured HECMs.

Government - insured FHA rates are typically lower than the mortgage rates on conventional home loans, so some borrowers may want to compare payments and fees on both types of home loans.

Conventional loans are not insured by any government program, and they are the most common type of mortgage.

FHA Loan: A type of mortgage that is insured by the Federal Housing Administration, a department of the Federal government.

Both types of VA refinance loans are government mortgage products insured against default by the United States Department of Veterans Affairs.

A USDA (United States Department of Agriculture) loan is insured by the government and provides homebuyers with opportunities not available through other loan types.

HUD (the Federal Government's Department of Housing & Urban Development) and its subsidiary the FHA (Federal Housing Administration) are in the business of insuring certain types of mortgage loans offered by chartered banks.

Conventional loans are not insured by any government program, and they are the most common type of mortgage.

This type of insurance policy is used for conventional home loans (that are not insured by the federal government).

In this type of government loan, the Federal Housing Authority insures the lender against loss in case the home buyer defaults on the loan.

Both types of loans are issued by financial institutions, but government loans (FHA and VA loans) are insured by the federal government.