Sentences with phrase «conventional home loan applicants»
The national average for conventional home loan applicants in July of 2017 was 25 %.
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Compared to FHA home loans, conventional loans could increase rates by a full percentage point if a borrower's loan to value ratio exceeds a specified limit; in many cases, higher loan to value ratios can actually be enough to completely disqualify a mortgage applicant altogether.
One of the most common types of home loans, the conventional mortgage uses relatively conservative guidelines for applicants.