FHA Loan le Conventional Loan

US ummi Laimi hi inn cawk a duh ngaimi kan si. Cucu thil tha a si. USA a lutmi miphun hmemi lak ah, Laimi phun hi miphun dang he epchun ahcun a tlai bik khan kan si ko nain, minung innlo thanchonak lei in zoh ahcun, inn tam bik a ngeimi le innlo tha bik a ngeimi miphun lak ah ka i tel ve lai tiah ka ruat. Cucu Pathian thluachuah nganpi a si.

Ruah ding pakhat bel a um. Micheu cu inn kan cawk tik ah, kan Inn Loan kong kan thei fiang lo. Kan inn area square pe zeizat dah a si? Square pe khat ah zeizat ah a ciah? Thla khat pekmi tangka a zat kai tunglo in, inn man hi zeitin dah kan pek ah, tuan ah ka lim khawh zokzok lai? tibantuk lei khuaruahnak le thil theihnak ah kan chambau ngai.  Cucu holh le ca kan thiam lo ruang zong ah a si kho i, a bik in thil theih kha kan i timhlo le zuam lo ca deuh tu ah a si tiah ka ruat.

Voi tam nawn cu, "Nan loan hi zei bantuk dah a si?"tiah ka hal tik hna ah, a tam deuh nih cun an loan hi an thei lo. A theimi hmanh nih an lung a fiang theng lo. An theih ko nain an fian lo zong a si kho men. A cheu nih cun, an theih ko nain, loan umtuning aa dannak le a chiatnak le thatnak an thei kho lo. Mi tam nawn nih, inn cawk tik i loan umtuning kong hi an ka hal tawn i, a cheu a fiang lomi caah a thahnem lai timi ruahchannak in hi ca hi ka tialnak zong a si. Hi capar hi a tling ngaimi a silo nain careltu cheukhat caah bawmtu a si theu lai tiah ruahchannak ngei bu tein ka tialmi a si.

Loan Phun Hnih

USA i inn cawk duh tikah, FHA Loan le Conventional Loan timi hi phun hnih a um. Hi loan hi an i dannak tampi a um. An thatnak le chiatnak a um veve. A tawinak in ka tialmi a si caah, hihi a tlingmi a si lo. A herhmi theih awk tlawmte epchunnak ca ding ah kan fiannak ding lawng khi a si. Fian deuh duh ahcun loan nan cawinak Loan Officer kha tling tein hal ah a fiang deuh lai.

FHA Loan hi a sullam cu Federal Housing Administration timi nih an tlaihmi a si i, HUD (Department of Housing and Urban Development) he aa tlaimi a si. Cozah nih dirkamhmi a si caah HUD nih amahkhan piakmi a si. 1930 kum hnu ah hin, USA hi sipuazi a rak tla tuk i, cucu "The Great Depression" tiah an ti. Cu chan ahcun minung nih inn an ngei kho ti lo. A ngeimi hmanh nih inn man an pe kho ti lo. Inn zong an caw kho ti hna lo. Cucaah FHA loan hi a rak i thawknak a si.

Conventional Loan cu private loan a si i, HUD nih amahkhan piakmi a si lo. A caan ahcun FHA hi a karh a tlawm deuh i, a caan ahcun an i zat tluk a si. A caan ahcun FHA hi 0.5% a karh a tlawm deuh nain, PMI (Private Mortgage Insurance) ah le zeidang van tuak ahcun, FHA nakin Conventional Loan hi a tha deuh tiah loan lei thiammi nih an ti.


FHA Loan Umtuning

FHA hi a buaktlak cun hmuh a fawi deuh i, a karh zong hi a caan ahcun 0.5% hi Conventional Loan nakin a tlawm deuh caah, a thatnak deuhnak a um ve. Tangkalut a tlawm deuh i a voikhatnak inn cawmi caah FHA hi a tha ngaimi le an hman ngaimi a si.

1.Down payment tam a tuah duhlomi asiloah a tuah kholomi caah a tha. FHA loan hi credit score 500 tluk tiang niammi zong nih inn cawk khawh a si. An credit score hawih in an down payment tu an then. Credit score 500-579 a si ahcun down payment 10% an tuahter hna. Credit score 580 tluk sang a simi cu 3.5% down payment tuahter a si.

2. PMI timi Mortgage Insurance hi a sang deuh.

3. Up Front fee asiloah Funding fee timi a um i, na inn man i 1.75% nawn a si. Hihi loan chungah an telh chih tawn. A caan ahcun down payment ah telh chin khawh a si.

4. PMI hi loan na cham dih hlan chung paoh ngeih a hau. 100% inn man na pek dih lawng ah, PMI a lo lai.

5. FHA cu credit score a tha tuk lemlomi zong nih hmuh khawh a si. Na credit score kha 700 tang a si ahcun FHA ah cawi ah a tha. Na credit score kha 600 cung a kai paoh ahcun, loan hmuh a fawi.

6. 2018 tiang sining ahcun, credit score 580 phanmi inn cawtu nih inn man dihlak i 96.5% tiang loan an cawi khawh. Credit score 580 tang a si belte ahcun 10% down payment tuah a hau.


Conventional Loan Umtuning

Conventional Loan cu cozah agency timi FHA, FmHA (Farmers Home Administration) le VA (Department of Veterans Affairs timi nih dirpimi a si lo.

Conventional Loan cu, Private in tangka cawihtu nih cawihmi a si. Cucaah cawihtu nih risk tampi lak in cawihmi a si caah hihi zapi zaran nih hmuh a har deuh.

Asinain Conventional Loan zong nih hin, Fannie Mae and Freddie Mac phunglam cu a zulh le tlinh ve a hau thiamthiam. Conventional Loan tam deuh cu private nih an zuarmi an si ko nain, cozah nih an bawmhmi "GSE's" (Government Sponsored Entities) timi ah an zuar than tawn hna.

FHA le Conventional hi an i lo pah ko nain, kum tampi ca in tuak ahcun Conventional Loan hi a tha deuh ti a si.

Conventional Loan cawi tikah phun hnih in a um kho. Pakhat cu interest rate kha a hmun i, pakhat cu a caan a phak tikah aa thleng kho. Cucaah na loan cawimi kha zei bantuk dah na thim timi fian a herh ngaingai.

Conventional Loan hi private inn ca zong ah siseh, sipuazi ca ruahmi thilri cawknak zong ah siseh a hman khawh a si. Credit score a san deuh ahcun interest a niam deuh. Tahchunhnak ah down payment hi 20% tuah ding si seh law, credit score kha 740 nakin credit score 640 ahcun interest 0.50% a sang deuh. Credit score a chiat deuhdeuh le interest a sang deuhdeuhmi a si.

1. Na credit score a that ahcun PMI kha FHA nakin a tlawm deuh kho.

2. A tlawm bik ah down payment hi 5.00% pek a hau. A cheu cu 5%-20% tiang pek a hau. FHA  nak in down payment tuah ding a tam deuh.

3. Na inn man i 20% na pek dih hnu ahcun, PMI kha cawk lo in um khawh a si. Mah zawn ah hin tangka tampi na save khawh lai. Inn na cawka ah 20% down payment na tuah khawh ahcun, PMI cawk a hau ti lo. FHA cu loan na pek dih hlan chung paoh PMI ngeih a hau.

4. Na credit score kha 700 cung a kai lawng ah, Conventional Laon kha na hmuh a fawi.  Credit score 700 tang ahcun loan cawi a har deuh. Cawi khawh hmanh ah a karh a sang ngaingai lai.

5. FHA loan nakin Conventional Loan hi 0.5% tluk a karh a sang deuh tawn. Asinain PMI kha 20% inn man na pek hnu i, na ban khawh ahcun a miak deuh tuk cang.

Ruah Ding

Inn na cawk hlan ah na loan kha zei loan dah a si timi fian a herh. A karh umtuning le PMI te hna fian a herh. Culoahcun kum tam nawn na pek tik ah, inn man aa pemi a tlawm te kho i, inn na cawk hlan ah na credit score a san le niam, down payment na tuah khawhmi zat le sining, na income le chungkhar sining zoh in, inn cawk hi thil tha a si.

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Zoh chihmi ca hna

1. FHA Loan
https://www.investopedia.com/terms/f/fhaloan.asp

2. Conventional Loan
https://themortgagereports.com/21489/how-to-buy-a-home-conventional-loan-mortgage-rates-guidelines

3. Fannie Mae timi hi FNMA (Federal National Mortgage Association) ti a si. Freddie Mac timi cu FHLMC (Federal Home Loan Mortgage Corporation) ti a si. Hi Fannie Mae and Freddie Mac hi cozah nih bawmhmi an si.