Conventional Loan Seller Concession Maximums 2025: What You Need To Know
The seller can pay all or part of your closing cost bill on a conventional loan, but there are limits.
February 20, 2025 6 MIN
Earnest Money: What It Is, How Much You Need, and When It's Due
Earnest money is a deposit that shows sellers you're serious about buying their home, typically ranging from 1% to 3% of the purchase price. This good faith deposit is usually due within a few days of an accepted offer, is applied to your closing costs, and can be refundable under certain contract contingencies.
March 18, 2025 6 MIN
Conventional 97 Loan. 3% Down Homebuying Without Using FHA
Conventional loans are a viable alternative to FHA, offering 3% down and cancelable mortgage insurance. Is it the right program for you?
March 31, 2025 13 MIN
How to Finance a Barndominium With a Conventional Loan
Conventional lenders will consider financing a "barndo," but it's no guarantee. What to know when shopping for this unique home type.
February 4, 2025 8 MIN
Getting a Conventional Loan With Charge-Offs, Collections, and Late Payments
Past credit mishaps don't necessarily make you ineligible for a conventional loan. Here's how to deal with collections and other credit events when applying.
October 18, 2023 6 MIN
Wedding Gifts, Graduation Gifts, and Other Little-Known Down Payment Strategies
From wedding and graduation gifts to employer assistance, here are uncommon but powerful ways to fund your down payment.
October 11, 2023 4 MIN
Conventional Loan After Bankruptcy: How Long You Have To Wait
You can get a conventional loan after bankruptcy. Here's how to do it.
February 4, 2025 7 MIN
Using Rental Income To Qualify for a Conventional Loan: Primary, Secondary, Investment Homes
There is no shortage of rules when it comes to using rental income to help you qualify for a mortgage. Here's your guide.
December 30, 2024 7 MIN
