Bella Mertz An FHA construction loan can help you realize your dream of creating your forever home from the ground up, even if you have less-than-perfect credit. As long as you can make a 10% down payment, you may qualify for an FHA construction loan with a credit score as low as 500. Here’s what you need … Read more
Filing for Chapter 13 bankruptcy can be a challenging situation, but it does not have to derail your dreams of homeownership. The United States Department of Agriculture (USDA) offers special 100% financing loans to help low-to-moderate income borrowers in rural areas purchase a home. If you are currently in a Chapter 13 repayment plan, you … Read more
If you want to use a VA loan for second home, there are a few factors you will need to consider. To be honest, there are more than a few factors. On the plus side, it is possible to get a second home with a VA loan guarantee. On the minus side, it’s not as … Read more
Conventional loans are a popular mortgage option for many homebuyers in California. One key factor that determines if a loan can be classified as conventional is whether it falls within the conforming loan limits set by the Federal Housing Finance Agency (FHFA) each year. These limits dictate the maximum loan amount that can be considered … Read more
Student loan debt is at an all time high with over 44 million Americans owing a total of $1.5 trillion in student loan debt. This huge debt burden is making it harder for many prospective homebuyers to qualify for a mortgage. Fannie Mae the largest provider of mortgage financing in the U.S., has specific policies … Read more
You can have more than one loan backed by the Federal Housing Administration (FHA). You’ll need to follow strict rules about living in each home as your primary residence, however, which may limit how many FHA loans you can have. The Federal Housing Administration (FHA) insures mortgage loans made by approved lenders. FHA loans allow … Read more
If you need to finance a major purchase, there are many options to choose from. Two of the best options that may be available for homeowners are home equity loans and home equity lines of credit (HELOCs). Both options let you access the equity in your home, and you can use these funds to pay … Read more
Boating is a passion for many people, and owning a boat is a dream come true. However, boats can be expensive, and not everyone can afford to pay for them outright. In such cases, boat loans can be a great way to finance a purchase. But when it comes to boat loans, there are two … Read more
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
When it comes to purchasing a home, navigating the complex world of mortgages can be overwhelming. For those seeking a path to homeownership with unique advantages, a USDA loan might be the solution. The United States Department of Agriculture (USDA) offers a loan program specifically designed to assist individuals and families in rural areas in … Read more