What organizations helped to guarantee home loans?

Answer 1

Getting an FHA Loan will do it. FHA has just a few conditions, like it has to be your primary residence, you have to live there and promise not to sell for a minimum number of years, etc. But an FHA loan will serve you well. They're easier to quallify for, mortgage companies like working with them. They have a wonderful support system in place. You can get in a house with less down on an FHA loan, and should bad times arise and your forced to leave your home, the PMI (personal mortgage insurance you had to get will satisfy the lenders and they won't come looking to get it from you. PMI is added to loans that aren't seem as strong as the lender would like, so you'll pay about $100 more per month until you have about a 78% ratio value of the loan vs equity, then you can drop it if you like.