Sentences with phrase «obtain than conventional loans»

Not exact matches

• More lenient qualifying terms: Obtaining a VA loan is easier than a conventional loan, as the standards for income and credit score as not as stringent.

FHA guidelines have always allowed lower down payments and looser credit qualifications than conventional financing; but during the freewheeling time before the housing bubble burst in 2003 - 2007, conventional loans were just as easy to obtain and many had zero - down - payment options so FHA loans were less popular.

FHA Loans also help home buyers with less - than - perfect credit scores obtain home financing, as the minimum credit score requirement is typically lower than other conventional lLoans also help home buyers with less - than - perfect credit scores obtain home financing, as the minimum credit score requirement is typically lower than other conventional loansloans.

Historically, it has been easier to obtain an FHA loan than a conventional mortgage.

VA loans will generally allow the veteran buyer with a lower credit score to qualify for an interest rate lower than a buyer with the same credit who's obtaining FHA / conventional financing.

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.