Conventional loans are a better option for those who have a good or excellent credit score
This loan offers you to have low down payments, no mortgage insurance and also having flexible underwriting terms.
The conventional loan can also be for first-time buyers. The Characteristics of the program is from 3% down payment from the purchase price, a choice to get mortgage insurance, the seller can pay for your closing cost, with no asking limit of income and the process of purchasing the home quicker than other types of loans such has FHA and VA.
Conventional loans are very flexible to those who meet the requirements:
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