Sentences with phrase «existing conventional home loans»

Not exact matches

Your Current Mortgage Must Already Be FHA - insured While refinancing from a conventional loan to one backed by the FHA is possible, the Streamline option is only available to borrowers with an existing FHA home loan.

Therefore any homeowners wishing to purchase a second property and require mortgage loan insurance will be unable to do so unless they refinance their existing home into a conventional mortgage.

Because of the decline in housing locally, many existing homeowners simply do not have enough home equity to qualify for a mortgage refinance loan with a conventional lender.

When a home with a conventional loan on the property, one that was originally approved using Fannie Mae or Freddie Mac guidelines, is sold, the existing loan must be paid off.

Data from FHFA's Monthly Interest Rate Survey (MIRS) cover conventional single - family mortgages and distinguish whether the loans are for the purchase of new or existing homes.

Loans are also available from the Department of Veteran Affairs to buy, build, or improve a home, as well as refinance an existing loan at interest rates that are usually lower than that on conventional lLoans are also available from the Department of Veteran Affairs to buy, build, or improve a home, as well as refinance an existing loan at interest rates that are usually lower than that on conventional loansloans.