Frost Bank, long absent from the mortgage industry, is back in the biz and rolling out a zero down home loan for its customers. The Texas-based depository, which also just became the new sponsor of the San Antonio Spurs arena, calls their new offering the “Progress Mortgage.” It is in...
Conventional lenders do add a private mortgage insurance premium (PMI) each year but no upfront fee. This annual PMI rate varies by borrower and won’t be charged on loans with 20% or more down. How USDA loans compare to FHA loans Like USDA loans, FHA loans have the backing of a gove...