enow.com Web Search

Search results

1. Results from the WOW.Com Content Network

2. Guide to first-time homebuyer loans and programs - AOL

   www.aol.com/finance/guide-first-time-homebuyer...

   HomeReady mortgage: Similar to the Conventional 97 program, Fannie Mae’s HomeReady mortgage program also requires just 3 percent down (with PMI, although it might be less expensive).

3. Conforming loans: What they are and how they work - AOL

   www.aol.com/finance/conforming-loans-203505330.html

   Fannie Mae and Freddie Mac will only purchase conforming conventional loans. ... A conforming loan can have a lower down payment as long as the borrower pays private mortgage insurance (PMI ...

4. How much money do you need to buy a house? 6 costs to calculate

   www.aol.com/finance/much-money-buy-house-6...

   For example, some conventional mortgage programs backed by Fannie Mae and Freddie Mac require just 3 percent down. (The caveat with these is that they can have income restrictions and require a ...

5. Mortgage insurance - Wikipedia

   en.wikipedia.org/wiki/Mortgage_insurance

   Each investor's LTV requirements for PMI cancellation differ based on the age of the loan and current or original occupancy of the home. While the Act applies only to single family primary residences at closing, the investors Fannie Mae and Freddie Mac allow mortgage servicers to follow the same rules for secondary residences. Investment ...

6. Home Affordable Refinance Program - Wikipedia

   en.wikipedia.org/wiki/Home_Affordable_Refinance...

   Many people who purchased their home with a down payment of less than 20% of the purchase price were required to have private mortgage insurance (PMI). This is common practice with Freddie Mac or Fannie Mae loans. Having PMI attached to a loan made that loan easier to sell on the Wall Street secondary market as a "whole loan".

7. Conforming loan - Wikipedia

   en.wikipedia.org/wiki/Conforming_loan

   The new Jumbo-Conforming program was adopted by Fannie Mae and Freddie Mac effective from April 1, 2008 until December 31, 2010. [6] The bill was signed into law by President Bush on February 13, 2008, [ 7 ] but the new rates were not being honored by any lenders (as of March 30, 2015).