Using a VA Loan to Build Your Dream Barndominium

When trying to find solutions for financing your barndominium it is important to look at all your options. There are a number of different options available to you including FHA loans and traditional construction loans. However, if you are a veteran of the Armed Forces, a VA loan is one of your best choices. Knowing … Read more

Everything You Need to Know About the Rural Development Loan Program in Illinois

The Rural Development Loan, also known as the USDA home loan, is an excellent financing option for homebuyers in rural parts of Illinois With competitive interest rates and 100% financing, this program makes homeownership achievable for many. In this comprehensive guide, we will cover all the key details about the Rural Development loan program in … Read more

Is a Car Loan a Secured Loan?

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more

Getting a Rural Development Loan in Louisiana: Requirements and Tips

Getting a home loan through the USDA Rural Development program can be an excellent option for qualifying low- and very low-income homebuyers in rural parts of Louisiana. These loans offer subsidized interest rates and even payment assistance to make homeownership affordable. However, there are some specific requirements and criteria you’ll need to meet to qualify … Read more

How to Become a Loan Officer: A Step-by-Step Guide

If you’re interested in becoming a mortgage loan officer in California, there is a clear path to follow to get your California MLO license and begin your career in the residential mortgage industry. The term mortgage loan originator (MLO), licensed mortgage loan officer are frequently used interchangeably and both reflect the important job of helping … Read more

HomeStyle Renovation Loans: A Comprehensive Guide for 2023

If you’re looking to purchase a fixer-upper home or make renovations to an existing property, a HomeStyle Renovation loan can be the ideal financing solution. Offered by Fannie Mae and available through participating lenders, these specialty mortgages allow borrowers to roll the costs of renovations directly into the home loan. This comprehensive guide will explain … Read more

USDA vs FHA Loans: Which Is the Better Option for You?

Buying your first home is an exciting milestone, but it can also be daunting, especially when it comes to choosing the right mortgage. Two popular options for first-time and low-to-moderate income homebuyers are USDA and FHA loans. But what’s the difference, and which one is better for you? In this comprehensive guide, we’ll compare USDA … Read more