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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. 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.

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

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

   Credit score: FHA loan vs. conventional loan. FHA loan borrowers can qualify with a credit score as low as 500 or 580 depending on their down payment amount: as low as 500 with 10 percent down, or ...

5. HFA loans: Everything you need to know - AOL

   www.aol.com/finance/hfa-loans-everything-know...

   HFA loans are conventional mortgages, issued by private lenders, which must conform to guidelines set by Fannie Mae and Freddie Mac. HFAs support affordable housing initiatives, including helping ...

6. Mortgage underwriting in the United States - Wikipedia

   en.wikipedia.org/wiki/Mortgage_underwriting_in...

   Loan to value is a ratio of the loan amount to the value of the property. In addition, the combined loan to value (CLTV) is the sum of all liens against the property divided by the value. For example, if the home is valued at $200,000 and the first mortgage is $100,000 with second mortgage of $50,000, the LTV is 50% while the CLTV is 75%.

7. 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.