What Are Government Mortgage Loans?

FHA Loan

Government mortgage loans are loans that the government makes to people who are seeking to buy a home. These loans are often referred to as Federal Housing Administration (FHA) loans and they are made by the Housing & Urban Development (HUD) department of the government.

Options For Affording A Down Payment On A Home

Downpayment

Affording a traditional 20% down payment on a home is a tall order for many prospective home buyers. Considering that the value of the average home in the United States currently sits at about $188,900, a 20% down payment will run the average home buyer a lot more money than most people have just sitting around in their bank accounts.

What Are Conventional Mortgage Loans?

DC rowhouse

Conventional mortgages are those that are not financed or guaranteed by the federal government. Almost all of these mortgages come from either Freddie Mae or Fannie Mac.

Am I Too Young To Buy A Home?

Couple reading

It’s a rite of passage for many young people: once they graduate high school/college (if they choose to go that route), they go out and find full-time employment, meet a significant other, and start to consider buying their first home. The process of buying a home begins for different people at different ages, with some being much younger than others. The real question comes to be: How young is too young for me to be allowed to purchase a home?