Should I Get a FHA Loan or Conventional Mortgage?

Should I Get a FHA Loan or Conventional Mortgage?
For a conventional loan, you’ll need a credit score over 680 and a 5% down payment. Conventional loans also are stricter on employment history, requiring two years in the same field, as well as a payment-to-income ratio max of 45%. The FHA program makes sense when you have little equity to work with or a unique financial situation. You’ll need at least a 3.5% down payment to purchase a home using an FHA Loan. If your credit score is anything under 680, an FHA loan generally is optimal.
Read article – Yahoo Finance

 

3 Colorado cities among Money Magazine’s best places to live

3 Colorado cities among Money Magazine’s best places to live
There are three Colorado cities where residents have it made – they have low crime rates, top-notch schools and low unemployment. And those three communities are Highlands Ranch, Centennial and Broomfield which landed the Nos. 6, 13 and 25 spots, respectively, on Money Magazine’s annual “Best Places to Live” report.
Read article – Denver Business Journal

 

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