Bella Mertz FHA loans are insured by the Federal Housing Administration and must fall within annual loan limits. The 2024 FHA loan limits for single-family homes in New York range from $498,257 to $1,149,825. Here’s what you need to know about getting an FHA loan in the Empire State, including how to qualify and what kinds of … Read more
Financial Concepts Mortgage is here to assist new and existing homeowners in Oklahoma City and rural Oklahoma with USDA home loans. Rural Housing Service (RHS) loans are more commonly known as USDA loans. These mortgages are backed by USDA Rural Development and are issued by private mortgage lenders like our expert team via the Single-Family … Read more
Taking on a construction loan to build your dream home can be an exciting yet daunting process. With construction loans typically having higher interest rates and stricter qualification requirements than traditional mortgages, it’s important to have a clear understanding of how much you can realistically afford before jumping in. In this comprehensive guide, we’ll walk … Read more
A VA loan limit is a cap on how much a homebuyer can borrow without needing a down payment. However, thanks to the Blue Water Navy Vietnam Veterans Act of 2019, VA loan limits do not apply to eligible VA borrowers with full VA loan entitlement. VA loan limits only apply to those with partial … Read more
Buying a home is an exciting yet challenging process. As a homebuyer, you have to make one of the biggest financial decisions of your life – choosing the right mortgage loan. While there are many loan options to pick from, conventional loans remain one of the most popular choices for home buyers But what exactly … Read more
Being a mother is not easy. This is a hard, daily job that does not have days off, vacations, or sick days. Once you become a mother, you remain her forever. But its even harder to be a mother alone. You need to work without the possibility of being unemployed for a couple of months, … 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
If you’re looking to purchase a vacant plot of land in Minnesota to build a home or farm on, securing financing can be the first step. While land loans tend to have higher interest rates than traditional mortgages, current rates in Minnesota remain competitive. This comprehensive guide covers everything you need to know about current … 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
The dream of owning investment property just became more accessible for many thanks to a major policy change by Fannie Mae. As of November 2023, Fannie Mae began accepting 5% down payments on 2-4 unit conventional loans for owner-occupied properties. This groundbreaking reduction from the previous 15-25% down payment requirements for multifamily homes opens up … Read more