Our Job at EPM is to provide the most up-to-date information and education so our borrowers and prospective borrowers can make the most informed decisions. When first considering homeownership there are lots of misconceptions people can have about the process that keeps them from moving forward on their goals of getting into a dream home. We are here to clear up 5 of those common myths today to help bring you one step closer to homeownership.
There are lots of programs and pathways to getting into the homebuying market. For first-time homebuyers especially, two types of low downpayment loans are FHA and Conventional loans. Your Lender at EPM can help you take a deeper look and decide which mortgage is right for you. But we also want to take some common questions and lay out the pros and cons of both types of mortgage loans, so you can get a head start on understanding what the lending requirements are, and which type of loan might fit your needs best.