Sentences with phrase «than conventional loans due»
Not exact matches
If you're having trouble qualifying for conventional financing due to bad credit, bankruptcy, self - employment, or short job tenure, you've likely discovered that the remaining loans available are less than ideal.
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On conventional loans there is mortgage insurance required if less than 20 % down and on all FHA loans there is an upfront MIP (mortgage insurance premium) and a monthly MI (mortgage insurance) due.
Given that our loans are based on the value of an investment property rather than the borrower's credit, we can fund deals for borrowers who are unable to get conventional financing due to a recent foreclosure or short sale.
Due to the required HUD - approved independent counseling session, some reverse mortgage loan escrow periods may be slightly longer than that of a conventional mortgage.