Conventional Loan

BobMortgage Zone: What is The Difference Between FHA vs. Conventional Loans?

By Joanna England / October 26, 2018 /

Have you ever wondered what the difference is between an FHA loan and a conventional loan? There’s no better person to ask than our most-trusted mortgage adviser, Bob Johnson (AKA BobMortgage). Frequently asked questions usually center on how the loan type affects appraisals, down payments, and debt-to-income ratios. How does it affect mortgage insurance, and…

Have FHA Loans Lost Their Luster? Changes in Mortgage Lending Make Conventional Loans Now a Better Deal

By Candy Evans / July 18, 2012 /

For decades, it was a pat answer. If the borrower’s home mortgage application had a little ugly around the edges, push them toward an FHA loan. That’s because FHA loans would accept all of the hard cases that made conventional mortgage lenders turn up their noses. From wee down-payments and less-than-pretty credit to iffy…

Rents On The Rise in Dallas/Fort Worth: Changing Face of the 2012 Homebuyer

By Candy Evans / February 28, 2012 /

So with rents averaging around $1000 for a two-bedroom apartment in the Metroplex, it is almost cheaper now to buy than rent. Does this have the troops stirred up about home- buying again? Yes…maybe. More agents are telling me how the market for first time homebuyers is picking up in Dallas. I went north to Plano and talked with André Kocher of Keller Williams and Wade Betz of Guardian Mortgage Company about the new, more fiscally conservative homebuyer coming in for loans.