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2. Conforming loans: What they are and how they work - AOL

   www.aol.com/finance/conforming-loans-203505330.html

   Conforming loans are mortgages that meet the criteria set by the Federal Housing Finance Agency (FHFA). They're eligible to be purchased by government-sponsored enterprises (GSEs) Fannie Mae and ...

3. Here’s What You Need to Know About Fannie Mae’s Refinance Program

   www.aol.com/know-fannie-mae-refinance-program...

   Fannie Mae's new refinance program "RefiNow" is scheduled to launch June 5, available for qualifying homeowners with a Fannie Mae-owned mortgage. Low-income households could potentially save ...

4. Home Affordable Refinance Program - Wikipedia

   en.wikipedia.org/wiki/Home_Affordable_Refinance...

   The Home Affordable Refinance Program (HARP) was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without also paying for mortgage insurance. Originally, only those with an LTV of 105% could qualify. Later that same year, the program was expanded to include those ...

5. Mortgages and loans to pay for home renovations - AOL

   www.aol.com/finance/mortgages-loans-pay-home...

   Renovation costs are limited to 75 percent of the “after-repaired value” of the home. Manufactured home renovations are limited to the lesser of $50,000 or 50 percent of the “after-repaired ...

6. Federal Housing Administration - Wikipedia

   en.wikipedia.org/wiki/Federal_Housing_Administration

   The Federal Housing Administration ( FHA ), also known as the Office of Housing within the Department of Housing and Urban Development (HUD), is a United States government agency founded by President Franklin Delano Roosevelt, established in part by the National Housing Act of 1934. Its primary function is to provide insurance for mortgages ...

7. Balloon payment mortgage - Wikipedia

   en.wikipedia.org/wiki/Balloon_payment_mortgage

   An example of a balloon payment mortgage is the seven-year Fannie Mae Balloon, which features monthly payments based on a thirty-year amortization. [5] In the United States, the amount of the balloon payment must be stated in the contract if Truth-in-Lending provisions apply to the loan. [1] [6] Most commonly, term lengths are five or seven ...