Buying a condominium has gotten more complicated since the housing crisis. The effects of so many condos in foreclosure have made financing your condominium difficult. FHA financing for condos is a challenge in many Frederick condominium communities. Conventional financing can also be a challenge, depending on the particular product. Here is the latest info on …
FHA
What is the Difference Between FHA and Conventional Loans?
There are many different loan products available to homebuyers today…so many that it can be confusing. Basically, there are two main types of mortgages, government backed mortgages, like VA, FHA, and USDA, and non-government backed mortgages, or conventional loans. Let’s break down all the categories and see what is the difference between FHA and conventional …
What is the Difference Between FHA and Conventional Loans?Read More