Sunday, August 4, 2013

Conventional mortgages and government mortgages

Conventional mortgages and government mortgages

Conventional mortgages are the largest category of mortgage financing in the United States and they make up a lot of variance in mortgage products. They are managed by a bank; they're managed by a private entity. 

The government loans would include FHA, USDA, and VA. These are loans insured by some government entity that manages how the loans are underwritten, how their packaged, and the rules that someone has to adhere to in order to get approval

The USDA product is also zero percent down; but, eligibility for this one is based on income.http://kentuckyusdaloan.com

FHA loans are the second most popular loan outside of the conventional mortgage. However, they can be a little more expensive in the long run.


Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell
502-813-2795 fax
kentuckyloan@gmail.com

Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*

Louisville, KY 40222*