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

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

   A conforming loan refers to a type of conventional mortgage that aligns with the criteria set by the FHFA. Meeting these established standards makes these loans eligible to be purchased by Fannie ...

3. FHA vs. conventional loans: What’s the difference? - AOL

   www.aol.com/finance/fha-vs-conventional-loans...

   FHA loan interest rates run slightly lower than their conventional counterparts: in mid-May, for example, a 30-year fixed FHA loan for a $400,000 house was 6.8 percent, vs. 7 percent for a ...

4. Income requirements to qualify for a mortgage - AOL

   www.aol.com/finance/income-requirements-qualify...

   There are no specific income requirements to qualify for a mortgage. ... Down payment: For a conventional loan, the down payment requirement can be as low as 3 percent. FHA loans require 3.5 ...

5. Conforming loan - Wikipedia

   en.wikipedia.org/wiki/Conforming_loan

   Other guidelines include borrower's loan-to-value ratio (i.e. the size of down payment), debt-to-income ratio, credit score and history, documentation requirements, etc. [3] In general, any loan that does not meet guidelines is a non-conforming loan. A loan that does not meet guidelines specifically because the loan origination amount exceeds ...

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

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

   Conventional 97 mortgage: This conventional loan, backed by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, requires just 3 percent down and a minimum credit score of 620.

7. Mortgage seasoning: What is it and what are the requirements?

   www.aol.com/finance/mortgage-seasoning...

   What are mortgage seasoning requirements? ... Conventional loan. 4 years for Chapter 7 or Chapter 11 (2 years with exceptions); 2 years from discharge or 4 years from dismissal of Chapter 13.