Mortgage Loan

FHA Mortgage Loan

1. Conventional and FHA mortgages

* Conventional loans have stricter lending criteria than FHA mortgages. Conventional loans are not insured and guaranteed by the government, neither do FHA loans, VA loans, and USDA loans.

– For example, to qualify for a traditional loan, borrowers need a higher creditworthiness rating than FHA loans
– Most traditional loans have an upper limit of 50% debt to income
– Most conventional loan programs do not require repayment of debt before financing the owner loan of the original owner
– Conventional loans enable non-resident borrowers
– Conventional loans enable non-resident borrowers who are not affiliated with law, marriage or blood with major borrowers
– One great advantage of traditional loans is that if home buyers make a 20% down payment, there is no mortgage insurance requirement
– While for FHA loans, the mortgage insurance premium is required over the entire 30-year FHA permanent loan
– For traditional loans, there is no upfront mortgage insurance premium

* Private mortgage premiums can be significantly lower than the standard 0.85% annual mortgage premiums for borrowers with a higher credit rating.

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* You want to know more, contact The Gustan Cho Team at 262-716-8151 or send a text message for faster response.
Or write to us at We are available 7 days a week, in the evening, on weekends and holidays.


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ALEX CARLUCCI – SVP Mortgage Banker, NMLS# 229891

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All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Loan Cabin, Inc. and GCA does not guarantee the quality, accuracy, completeness or timeliness of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Loan Cabin, Inc.. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.



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