Who qualifies to get down payment assistance in order to buy a home? If you are using an FHA mortgage, your downpayment requirement is, at a minimum, 3.5%. And while that isn’t as large a down payment as you would make if you wanted to eliminate private mortgage insurance from a conventional home loan, some may struggle to come up with the money down. Buying a home can be expensive. There are inspection and appraisal | more...
What should borrowers know about FHA cash-out refinance loans? If you are thinking of cashing in on the equity built up in your home in | more...
What do you need to know about FHA refinance loans? If you are considering your options and aren’t sure about some aspects of the FHA | more...
Reverse mortgages have become increasingly popular as a retirement financial planning tool. They give homeowners a way to access their home equity without having to | more...
The term “bad credit” tends to feel a bit stigmatizing. Borrowers who have had past difficulty with credit have it hard enough trying to recover | more...
There are several reasons why a house hunter looking for a home to purchase with a VA mortgage might want to buy a piece of | more...
Interested in applying for an FHA mortgage or a refinance loan? It’s not as easy as finding a lender and applying; you will need plenty | more...
If you’re looking at your home loan options, now is the time to brush up on some mortgage terminology. Our friends at FHA.com have made it easy with their Homebuyer Terminology animations.
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First of all, the Department of Veterans Affairs does not allow VA lenders to offer standalone land loans utilizing a Veteran’s home loan eligibility. However, | more...
If you are interested in purchasing a piece of land and financing it through a VA-approved lender, there are several loan options available for you. | more...
You can use a One-Time Close construction loan to build a new home on your own land or land you buy in conjunction with the | more...
