Is a conventional home loan right for you?

Learn more about Conventional Home Loans:

Is it better for you to get a conventional home loan instead of government-backed loan. Getting a conventional home loan could save you thousands of dollars over the course of the loan, but those savings come with more risk.

In this video, Lisa Hamilton, an accredited financial counselor with the U.S. Department of Housing and Urban Development, walks you through the minimum qualifications as well as the pros and the cons of a conventional home loan. Hamilton is based out of the University of Florida Institute of Food and Agricultural Sciences Extension Volusia County where she teaches a class on buying homes. Her biggest piece of advice is to make sure you can afford the loan. HUD counselors like Hamilton can help with that at little-to-no cost.

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