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Residential Mortgage Options

Conforming Residential Mortgages

Conforming residential mortgages include Conventional mortgages, FHA and VA loans. For conventional loans, the guidelines are established by Fannie Mae and Freddie Mac and all mortgages are insured by them. Unlike conforming residential mortgages, commercial mortgages provide loans for non-residential purposes.

Conventional Loans

The guidelines for FHA loans are established by HUD and insured by them. The guidelines for VA loans are established by the Veterans Administration and are insured by them.

  • Loans up to $453,100
  • High Balance loans of $453,100 to $679,650 (depending on individual county limits)
  • Ensured by Fannie Mae and Freddie Mac
  • Interest rate depends on credit score and loan to value ratio
  • Higher credit score and lower loan to value ratio results in a better interest rate. This is your risk factor.
  • The minimum down payment is 5% for a primary residence

FHA Loans

FHA loans, which are insured by HUD, have a minimum down payment of 3.5%. However, the difference between conforming and FHA loans is that HUD requires an upfront mortgage insurance and a monthly mortage insurance premium, making it slightly more expensive than conforming loans. However, the guidelines for obtaining an FHA loan are more relaxed. FHA can accept lower credit scores as well. Like conforming loans, FHA loans also have a limit of $453,100 and depending on the counties there is a maximum high balance limit of $679,650.

VA Loans

Unlike other loans, VA loans allow 100% financing for a purchase or refinance. There is no down payment required. Likewise, you can refinance or get cash out with minimum requirements.



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New Home

New Home Loan at basic interest rates from Borrow-Loan Company. You can apply online and check your eligibility and easy EMI. Fast Approval for your new home loan.

Home Conversion

A home conversion loan is a scheme for those who have already taken a housing loan. This loan follow some rules and regulations.It is a part of loan.

Land Purchase

Borrow Loan offers home loan for land purchase to make your dream home. You can compare home loan rates with our compare loan table. Apply online for Home Loan.

Home Renovation

Get instant approval for renovation your home. Borrow introduce home improvement loan. It is with basic rate and flexible EMI repayment.For more detail you can check our loan products.

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