{"id":2025,"date":"2017-03-17T13:48:54","date_gmt":"2017-03-17T13:48:54","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/?p=2025"},"modified":"2017-03-17T13:48:54","modified_gmt":"2017-03-17T13:48:54","slug":"home-loan-right-home","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/home-loan-right-home\/","title":{"rendered":"Which Home Loan is Right for Your Home?"},"content":{"rendered":"

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Here are the most popular mortgage<\/a> loan<\/a> options in the United States. See basic qualification information and down payments<\/strong> for these home loan options to see which is best suited for you and your next home.<\/p>\n

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Conventional<\/strong><\/h2>\n

This is the most common mortgage option and usually has the best interest rates.<\/p>\n

Down Payment:\u00a0<\/strong>10% minimum, 20% standard<\/p>\n

Best For:\u00a0<\/strong>repeat buyers<\/p>\n

FHA<\/strong><\/h2>\n

Makes ownership more affordable with less down and easier credit requirements.<\/p>\n

Down Payment: <\/strong>3.5% minimum, 20% standard<\/p>\n

Best For:\u00a0<\/strong>first-time buyers<\/p>\n

VA<\/strong><\/h2>\n

Takes away the need for a down payment without the risk of PMI. Only available to veterans.<\/p>\n

Down Payment:\u00a0<\/strong>no down payment<\/p>\n

Best For:\u00a0<\/strong>military veterans<\/p>\n

USDA<\/strong><\/h2>\n

This mortgage option was developed to promote the purchase of rural land.<\/p>\n

Down Payment:\u00a0<\/strong> no down payment<\/p>\n

Best For:\u00a0<\/strong>investors; anyone interested in living in a rural atmosphere<\/p>\n

ARM<\/strong><\/h2>\n

These rates start out lower than any other option, but fluctuate with the market (and usually not for the better).<\/p>\n

Down Payment:\u00a0<\/strong>10% minimum, 20% standard<\/p>\n

Best For:\u00a0<\/strong>anyone interested<\/p>\n

Source:<\/strong> Fearless Home Buyer<\/span><\/p>\n

Which Home Loan<\/a> is Right for Your Home?<\/p>\n<\/div>\n


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link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Here are the most popular mortgage loan options in the United States. See basic qualification … Which Home Loan is Right for Your Home?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[2],"tags":[4751,1403,15239,625,12908,543,347,617,1329,408,120,1007,41],"class_list":["post-2025","post","type-post","status-publish","format-standard","hentry","category-property-buyer","tag-amazing","tag-buy","tag-chase","tag-down-payment","tag-home","tag-home-buying-guide","tag-home-loan","tag-house","tag-loan","tag-mortgage","tag-mortgage-loan","tag-owners","tag-property"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":8424,"url":"https:\/\/amazingproperty.com.ng\/blog\/much-more-to-mortgages-than-interest-rates\/","url_meta":{"origin":2025,"position":0},"title":"Much More to Mortgages Than Interest Rates","author":"Amazing Property","date":"February 26, 2018","format":false,"excerpt":"There's a significant consumer misconception that mortgages are all about interest rates. Find the lowest rate and you've got a great mortgage. Wrong. Yes, the sign-up interest rate can be important, but there is a lot more to consider. 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Read more: Buyers Stuck on Down Payment Confusion SmartAsset\u2019s study considered four factors to pinpoint the best places in the country to get a mortgage: overall\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":796,"url":"https:\/\/amazingproperty.com.ng\/blog\/the-big-down-payment-myth\/","url_meta":{"origin":2025,"position":3},"title":"The Big Down Payment Myth","author":"Amazing Property","date":"February 15, 2017","format":false,"excerpt":"Speaking of Down Payment, Having the spare capital to put 20 percent down on a home purchase is great, but it's certainly not the norm. Having the spare capital to put 20 percent down on a home purchase is great, but it's certainly not the norm. 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