What Credit Score Is Needed to Buy a House?

A favorable credit score for buying a home typically falls within the high 600s to 700s. Scores in this range are considered "good," while anything higher is seen as "excellent," helping borrowers qualify for the best mortgage rates. Some loan types even allow buyers to secure a mortgage with a cre

Conventional Loans: Requirements and What You Need

What is a Conventional Loan? A conventional loan, also known as a conventional mortgage, is a loan offered by private lenders such as banks, credit unions, or mortgage companies. These loans are not backed by the government. Many conventional loans are purchased by Fannie Mae and Freddie Mac, so le

FHA Loans: A Comprehensive Guide to Federal Housing Administration Loans

An FHA loan is a mortgage insured by the Federal Housing Administration (FHA). It comes with both advantages and disadvantages, which can help you decide if this loan type is right for you. FHA Loans: A Comprehensive Guide to Federal Housing Administration Loans FHA loans, backed by the Federal Hou

What Is a Fixed-Rate Mortgage and Why Is It Important?

There are various types of mortgages, and it’s crucial to take the time to find the one that fits your financial situation best. A mortgage lender can guide you through important decisions, such as understanding how interest rates impact your loan, deciding whether to buy down your rate with points