Bella Mertz Mobile homes offer an affordable housing option for many buyers. With their factory construction and movability mobile homes provide homeownership opportunities not available with traditional site-built houses. However financing a mobile home purchase can be tricky. An FHA loan is one option for buyers wanting to purchase a mobile or manufactured home. In this article, … Read more
While there’s a lot to like about FHA loans, they may not be right for everyone. Before you make a major financial commitment, it’s important to understand the pros and cons of FHA loans. Only then can you truly decide whether it’s right for you. Getting approved for a mortgage can be challenging, especially for … Read more
Getting approved for a USDA home loan can be an exciting prospect for potential homebuyers looking to purchase property in rural areas With generous terms like zero down payment and low interest rates, USDA loans provide an affordable path to homeownership that might otherwise seem out of reach However, the process does involve some extra … Read more
A loan modification can be a lifeline for homeowners struggling to make their mortgage payments. By adjusting the terms of the loan lenders allow borrowers to reduce their monthly payments to a more manageable amount. However before pursuing a loan modification, it’s important to understand the potential impact on your credit. How Loan Modifications Can … Read more
Over 20,000 homeowners over the past three years used the USDA refinance program, accounting for about 7% of all USDA home loans according to Home Mortgage Disclosure Act (HMDA) data. For homeowners who currently have a USDA loan, there are several options for refinancing when the time is right. These include the USDA streamlined refinance, … Read more
Expanding your property with a new garage or detached structure, such as a shed or greenhouse, can be a big undertaking — both financially and when it comes to labor. But with the right financing strategy, you may be able to create more space for your home without worrying about how you’re immediately going to … 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. Having a list of mortgage questions … Read more
While there’s a lot to like about FHA loans, they may not be right for everyone. Before you make a major financial commitment, it’s important to understand the pros and cons of FHA loans. Only then can you truly decide whether it’s right for you. Getting an FHA loan can be one of the best … Read more
You can get your own credit card based on your spouse’s or partner’s income, especially if you don’t have any income of your own. And they do not have to be an authorized user on the account. Having a credit card in your own name can help build your credit. Experian, TransUnion and Equifax now … Read more
Buying your first home is an exciting milestone! But navigating the mortgage process can feel overwhelming for first-time buyers. Two popular government-backed loans, USDA and FHA, offer more flexible eligibility requirements than conventional mortgages. This makes them great options if your finances don’t fit the typical mortgage mold. But how do you decide between a … Read more