Bella Mertz When shopping for a home to purchase with an FHA loan, it’s crucial to understand the concept of FHA approval for properties The FHA has strict guidelines that homes must meet in order to be eligible for financing with one of their low down payment government-backed mortgages. As you search for your dream home, make … Read more
When it comes to finance and loans, there are two main types of credit – secured and unsecured. Secured credit refers to loans or lines of credit that are backed or “secured” by some sort of collateral. This contrasts with unsecured credit like credit cards or personal loans which have no collateral tied to them. … Read more
Whether youre a first-time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.580 Credit Score- and only -3.5% Down RELATED ARTICLES FHA loan limits were established to define how much … Read more
USDA loans come with great benefits, but not all homes are eligible. All homes financed by a USDA loan must first meet the minimum property standards set out by the Department of Housing and Urban Development. These ensure borrowers are getting a functional, safe and sound home to live in. Let’s look at the requirements … Read more
You can have a cosigner on your FHA loan. Cosigners donât pay for the monthly mortgage, but they can use their income level to help you qualify for an FHA loan. Basically, FHA lenders will combine the income, assets, and debts of all borrowers and cosigners, which could help the entire party meet basic requirements … Read more
Going through a separation or divorce can be an incredibly difficult and stressful time. To make matters worse untangling your finances and dealing with properties jointly owned with your former spouse adds another layer of complexity. This process becomes even trickier when a VA home loan is involved. If you and your spouse are both … Read more
Is it possible to use a Veterans Affairs mortgage to purchase a duplex? What about using a VA mortgage to buy a multifamily home? The answer in both cases is yes, but certain conditions apply. When considering using your VA loan benefit to buy a multi-unit property, remember that your VA lender will require compliance … Read more
Are nightmares about the home financing process keeping you up at night? If so, give Dash Home Loans a shot. We do mortgage lending differently and make getting approved for a Florida FHA loan a dream. Backed by the Federal Housing Administration, FHA home loans are a great choice for low-to moderate-income homebuyers with less-than-stellar … Read more
Buying a home is an exciting milestone in life. But it also involves a lot of big decisions, like choosing the right mortgage. Two popular options for first-time and low- to moderate-income homebuyers are FHA loans and USDA loans. So how do you decide between an FHA loan versus a USDA loan? I compared the … Read more
Buying your first home is an exciting yet daunting experience. As a first-time homebuyer, you’re likely wondering how much house you can actually afford and what your monthly payments will be. This is where a USDA home loan calculator comes in handy. The USDA home loan program helps make homeownership possible for low-to-moderate income buyers … Read more