Types of mortgages for first-time home buyers

Types of mortgages for first-time home buyers

* As of April 20, 2020, Quicken LoansĀ® does not offer conventional adjustable rate mortgages (ARMs). First-time home buyers can choose from different types of loans, and some are especially helpful for these types of home buyers. These loans include more flexible criteria, such as down payment and lower credit score requirements. Learn about the…

Conventional mortgages: everything you need to know

Conventional mortgages: everything you need to know

Conventional mortgages are a great option for many homeowners because they have lower costs than other popular types of loans. If your credit score and you down payment are high enough, a conventional mortgage might be right for you. What is a conventional mortgage? Conventional mortgages are those that are not guaranteed or insured by…