Bella Mertz Getting a land loan can be a great way to purchase a vacant plot of land to build your dream home or start a new business. With the right planning and preparation, getting approved for a land loan is very achievable if you meet the qualifications. In this comprehensive guide, we’ll walk you through everything … Read more
A Rural Development (RD) loan is a mortgage loan program offered by the United States Department of Agriculture (USDA) to help low-to-moderate income individuals and families buy homes in rural and suburban areas. These government-backed loans have become an attractive option for homebuyers in Michigan looking for affordable financing and flexible credit requirements. Overview of … Read more
Assuming a VA home loan can be an excellent way for buyers to purchase a home with little money down in today’s rising interest rate environment. VA loans have historically offered some of the lowest interest rates in the market. This makes them prime candidates for assumptions, allowing buyers to take over the seller’s low … Read more
Taking out a construction loan to build your dream home can be an exciting prospect. With a construction loan you can customize and design every aspect of your home exactly the way you want. However, construction loans also require more cash upfront compared to a traditional mortgage. So how much money do you really need … Read more
The USDA loan program provides many benefits for potential homebuyers in rural Kansas. With 100% financing, flexible credit requirements, and low interest rates, USDA loans can make homeownership achievable for families who may not qualify for conventional loans. However, there are certain eligibility requirements homebuyers must meet to qualify for a USDA-backed mortgage in Kansas. … Read more
Maximizing your wealth requires understanding your financial goals and building strategies to work toward them. Loans available include two options – secured and unsecured. A collateral, or secured loan, is guaranteed by something you own. If you fail to repay the loan, you agree to surrender the property securing the loan — like a car, … Read more
Homeownership remains an important part of the American dream, but rising costs make buying a home out of reach for many families. In Washington, housing prices increased over 15% in 2021 alone. With limited affordable options, many residents feel stuck renting despite wanting to own their own home. Fortunately, USDA construction loans offer a path … 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. Deciding between a VA loan or … Read more
Getting approved for an FHA loan can be a great way for many homebuyers to achieve the dream of homeownership. With low down payment requirements and flexible credit standards, FHA loans make it possible to buy a home even if you don’t have perfect credit or a lot of cash saved up. But if you … Read more
With a few exceptions, the answer is no Part of the Series Federal Housing Administration (FHA) Loans Understanding FHA Loans Low down payments and low credit score requirements make Federal Housing Administration (FHA) loans an attractive option for homebuyers who might not qualify for a traditional mortgage. While this may be good news for some … Read more