Bella Mertz Mortgage preapproval is incredibly important in today’s homebuying market. Getting preapproved shows sellers and real estate agents that you’re a committed and qualified homebuying candidate. Some listing agents and sellers won’t even accept a purchase offer from buyers without a copy of their preapproval letter. Preapproval provides buyers with a clear understanding of their purchasing … Read more
The USDA loan program helps low- and middle-income consumers become homeowners in communities across the country. These government-backed loans allow qualified buyers to purchase with $0 down. They also feature competitive interest rates and low mortgage insurance costs. The United States Department of Agriculture (USDA) offers direct home loans to low- and very low-income homebuyers … Read more
Getting approved for a home loan and choosing the right mortgage is one of the most critical steps in the homebuying process With so many loan options and lenders to select from, it’s essential you come prepared with questions to ask to find the ideal mortgage for your situation. Asking the right mortgage questions upfront … Read more
*Estimated payments above do not include amounts for taxes and insurance payments. Your payments may be greater. APR equals Annual Percentage Rate and assumes a purchase price of $200,000 with a 25% down payment and zero (0) points. Your rate and APR may be higher, all loans priced individually. Rates are subject to change at … Read more
Facing sudden financial hardship can feel overwhelming. Unexpected expenses like car repairs, medical bills, or home repairs can easily derail your budget. If you’re a Massachusetts resident struggling to cover these costs, a financial hardship loan may help provide some relief. What Is A Hardship Loan? A hardship loan provides immediate financial assistance for people … Read more
Financing a barndominium can be a challenge, but being prepared will help you find a lender for your project. Farm credit lenders and local banks are your best bets for getting a new construction loan on a barndominium. Having the following items can help the process along as well: By knowing what to expect when … Read more
Affording the thousands of dollars required for a down payment on a home can be a roadblock for many consumers. If you’re house shopping and money is tight, you may consider alternative measures like taking out a personal loan. However, using a personal loan for a down payment on a house is an approach that … Read more
USDA loans make homeownership possible for thousands of low-income Americans in rural areas. These low-interest, zero-down mortgages arent as well-known as their FHA or VA loan counterparts, but they include many perks that can make them a great option for eligible borrowers. In many cases, homebuyers can use a USDA home loan to purchase a … Read more
The United States Department of Agriculture agency provides an excellent way to purchase a home known as the Rural Housing Loan or USDA loan for short. For Minnesota residents in the right income bracket, this mortgage program is a way to buy a home without making a down payment. As a homeowner or community organization … Read more
USDA loans make homeownership possible for thousands of low-income Americans in rural areas. These low-interest, zero-down mortgages arent as well-known as their FHA or VA loan counterparts, but they include many perks that can make them a great option for eligible borrowers. In many cases, homebuyers can use a USDA home loan to purchase a … Read more