Bella Mertz Home Affordable Refinance Program® and HARP® are registered trademarks of the Federal Housing Finance Agency (FHFA). MortgageCalculator.org is not associated with FHFA or any government program. Official information about the Home Affordance Refinance Program (HARP) is located at http://www.HARP.gov. In 2008 the housing bubble burst, and this caused home prices to go into a free … Read more
Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners. But even if you’re eligible for … Read more
The USDA’s construction-to-permanent loan program allows borrowers to finance the construction of a new home and convert it into permanent financing with one loan This streamlines the process and saves on closing costs But you need the right lender to make it happen. In this guide, we’ll explain what USDA construction-to-permanent loans are, their benefits, … Read more
Credit builder loans can help with establishing or re-establishing credit history, but they don’t work like traditional loans. Instead of getting the money when you’re approved, the lender holds the loan funds in a secure account. The borrower pays the loan back in installments, with the lender reporting their payment activity to the credit bureaus. … Read more
The USDA home loan program can help rural homebuyers in Texas purchase a home with little to no down payment. But meeting the USDA loan eligibility rules is key to getting approved. Let’s look at the key USDA mortgage qualifications you’ll need in Texas. Overview of USDA Loans USDA home loans are backed by the … Read more
An FHA construction loan can help you realize your dream of creating your forever home from the ground up, even if you have less-than-perfect credit. As long as you can make a 10% down payment, you may qualify for an FHA construction loan with a credit score as low as 500. Here’s what you need … Read more
Mortgage loan fraud has become an increasingly concerning issue in recent years. Though not a new phenomenon, the number of mortgage fraud cases has steadily risen, causing major financial losses for lenders and homeowners alike. In this article, we’ll take a closer look at what exactly mortgage fraud is, what types of fraud are most … Read more
Considering whether to borrow money for a down payment on a new home? You have options, which include taking out a home equity loan or home equity line of credit (HELOC), or even asking a friend or relative for a private loan. Below, you’ll learn the pros and cons of the various ways you can … Read more
Buying land to build your dream home can feel out of reach especially when traditional lenders require 20-50% down. But with the right zero down land loan program you can own that perfect parcel and start building equity sooner. I know the struggle firsthand. When my wife and I started looking at vacant lots a … Read more
Tennessee is a great place to build a custom home. With its beautiful scenery, thriving cities, and low cost of living, the Volunteer State attracts many looking to construct their dream houses However, financing these projects requires finding the right construction loan This can be tricky since construction lending is complex and options vary lender-to-lender. … Read more