A financed down payment program may help qualified buyers purchase with little or no down payment. Learn the payment tradeoffs and who it may fit.
An FHA loan may still be possible after a lengthy job gap. Learn the six-month return-to-work rule, the two-year work history requirement, and how timing affects a purchase or refinance.
When it comes to financing a manufactured or mobile home, not all properties are treated equally. One of the first questions any lender is going to ask—whether it’s for FHA, VA, or conventional financing—is this: When was the home built? This single detail can dramatically shape your loan options, eligibility, and overall path forward. If…
If you’re applying for a residential mortgage loan and you’re looking at an FHA loan to purchase or refinance a home this lender requirement could be problematic for you as it relates to qualifying… All FHA Mortgage Lenders in the United States use a system by Hud called FHA Connection. Its database is used to…
For folks looking to purchase or refinance a home with the FHA Loan, the Federal Housing Administration has just announced a reduction to their private mortgage insurance premiums by 30 basis points. This is a step in the right direction to help drive home ownership. Here is what this means for your bottom line… Presently…
There is a significant amount of inaccurate information online and in the real estate community about the credit score needed to get a home loan to purchase or refinance a home. Talk to one company they’ll tell you XYZ, talk to another company they’ll tell you something else entirely, talk to another company, and you…
If you are just starting in life and trying to get your footprint in the real estate climate; the information in this post is for you. Everyone must start somewhere and buy that first home. That first home is always the big one it is by far the hardest and most emotional. It can also…
Maintaining a personal budget and having a good financial plan associated with your income is a good 1st step in preparing yourself to get mortgage loan financing. Whether you are buying a home or refinancing, consumer debts matter. It can make or break your situation. Here are some things you might want to give some…