Conventional Mortgage. is “interest-only” where you do not pay any principal amount in the payment.. FHA- Federal Housing Authority. However, in FHA monthly and upfront MIP (mortgage insurance premium) is required.
What Is A Conventional Mortgage Loan Vhda Credit Score Requirements Fha Loans In Virginia FHA mortgage lending limits in VIRGINIA vary based on a variety of housing types and the cost of local housing. fha loans are designed for borrowers who are unable to make large down payments. 134 match(es) found. FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage.VHDA Loans – The Sarah Pichardo Team – If the borrower has over a 680 credit score they may also borrow up to 1.5% of the purchase price to be used for closing costs and prepaid items. Many programs require a 640+ credit score. vhda will allow credit scores of 620+.