Sentences with phrase «obtain than a conventional mortgage»
Not exact matches
The beneficial terms offered by the MyCommunityMortgage program often allow qualifying buyers to obtain a lower monthly mortgage payment than they would under the standard Conventional or FHA programs.
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A homebuyer may obtain a conventional mortgage with the less - than - traditional 20 percent through PMI or government programs that exist to help low income buyers or those in dire financial situations.
Historically, it has been easier to obtain an FHA loan than a conventional mortgage.
Cost savings: The premium for LawyerMortgage.com title insurance coverage is only $ 60 (plus a $ 5 processing fee and taxes)- significantly less than the cost of obtaining title insurance coverage for mortgage - only transactions in the conventional manner.
The Federal Housing Administration, created during the Depression era, has been a steadying presence in residential markets for the last two years, yet some buyers, sellers, and even practitioners remain hesitant about the agency's role, believing that obtaining federally backed mortgage loans requires more hoops to jump through than conventional mortgages do.