Introduction Awareness of the minimum down payment for a conventional loan is essential for first-time or repeat borrowers. Through this blog, we want to provide insight into strategizing your savings or avoiding PMI, as well as information on how much is needed, who can qualify, and how it compares to other loan types. Many common […]

Do you still think you need 20% down to buy a home? Think again. In fact, forget pretty much everything you think you know about home buying. Modern Lending, a leading home loan and mortgage brokerage, is about to expose common misconceptions about buying a home in 2025. These myths often stand in the way […]

In our fluctuating economy, now more than ever, consumers must be conscious of the mindset of ‘striking while the iron is hot,’ a colloquial phrase for the financial concept of opportunity cost, which takes into account the benefits or detriments of choosing one investment or decision over another.  Your current savings hold a potential value […]

The HOPER Program is bridging the gap between rental poverty and homeownership with new initiatives that bring down payments while offering affordable mortgage options. The HOPER (Home Ownership, Promotion, Education, and Research) Program is an FHA-backed initiative to help future homeowners by offering incentives to use toward down payments, closing costs, and other costs associated […]