Bella Mertz The FHA 203k home loan is a smart move if you’re looking to buy a fixer-upper. The housing market is still strong in many areas, bidding wars are slowing down and foreclosures are starting to pop up. Fixer-uppers offer a financial opportunity to buy a home priced below market in a great location. With the … Read more
Getting an FHA loan can be an excellent way for many homebuyers to achieve the dream of homeownership. With low down payment requirements and flexible credit standards, FHA loans open the door for those who may not qualify for other types of mortgages. However, you may be wondering – how many times can you actually … Read more
If you have a significant amount of equity in your primary residence, you can tap into it through a home equity loan. You can then use that money for any purpose you wish, including buying a second home or an investment property. However, using a home equity loan to buy another house is not without … Read more
You can use this USDA eligibility map to find USDA-eligible homes in your area. Look up the address you’re interested in purchasing to verify it falls within a rural area, as determined by the U.S. Department of Agriculture. The USDA Rural Development (RD) office provides several loan programs to support projects in rural areas across … Read more
AP Buylineâs content is created independently of The Associated Press newsroom. Our evaluations and opinions are not influenced by our advertising relationships, but we might earn commissions from our partnersâ links in this content. Learn more about our policies and terms here. Qualifying for a personal loan can be difficult if you have poor credit … Read more
The day has arrived. You’ve submitted all your financial documents and received a “clear to close.” Now, you may be wondering what else happens before your new home loan or refinance is official. At the closing table, the amount of paperwork you have to review and sign might seem overwhelming, but as with most steps … Read more
Unlike investing in the stock market, which can be done for very little money, investing in real estate has a generally high start-up cost. Once you have decided that investing in real estate is right for you, done your research, and found a good deal, you need to consider how to secure financing for your … Read more
Getting a VA loan can be an excellent option for eligible veterans, active duty service members, and surviving spouses VA loans require little to no down payment and offer competitive interest rates. However, like other mortgages, VA loans have debt-to-income (DTI) requirements you must meet to qualify. So what is the max DTI for a … Read more
The conforming loan limit is the maximum loan amount that can be considered a conventional mortgage by Fannie Mae and Freddie Mac. For 2024, the baseline conforming loan limit for most counties in California is $766,500 – up from $726,200 in 2023. However, in certain high-cost areas like Los Angeles and San Francisco, the conforming … Read more
Are you considering buying a foreclosed home? Wondering if it’s possible with an FHA loan? If so, you’re in the right place! Buying a foreclosed home can be financially beneficial because it may allow you to purchase a home at a lower price. Additionally, if you buy a home that needs work and then rehabilitate … Read more