OccupancyPrimary, second home, some investment
InsuranceMay apply based on structure
LimitsConforming limits may apply
Who this program may fit
- Primary residence purchases
- Second-home financing
- Certain investment-property transactions
- Borrowers comparing mortgage-insurance structures
Potential benefits
- Broad product availability
- Potential options for multiple occupancy types
- Mortgage insurance may be removable when applicable requirements are met
- Fixed-rate and adjustable-rate structures may be available
Important considerations
- Qualification, pricing, and mortgage insurance vary by credit, down payment, property, and other factors
- Low-down-payment programs may include income or first-time-buyer rules
- Conforming loan limits and property eligibility apply
What a review may include
A mortgage review commonly considers income, employment, assets, credit history, monthly obligations, occupancy, property type, purchase price or value, available funds, and applicable program requirements.
Educational information only. This page does not describe every guideline and is not a loan approval, rate quote, or commitment to lend. Program terms and availability vary.