An earnest money deposit is a deposit of good faith on a home loan from a buyer to a seller. Including an earnest money deposit with your offer is a part of the VA home loan process and serves to protect VA buyers and sellers in a real estate transaction. Learn how earnest money might … Read more
If youre looking to use a VA-backed mortgage, odds are youll run into the VA funding fee. The VA funding fee is a set cost applied to most VA loans that helps cover losses if a VA loan goes into default. The funding fee applies to all purchase and refinance loans and is typically 2.15 … Read more
If you’re a military borrower, getting approved for a VA loan with bad credit is possible, regardless of any blemishes in your financial history. The U.S. Department of Veterans Affairs (VA) will even guarantee mortgages for veterans who have overcome a previous bankruptcy or foreclosure. Purchasing a home is an exciting milestone in life. However, … Read more
Building your dream home can be an exciting yet daunting process. With so many options for financing, it can be challenging to determine the best route to take. One option to consider is an FHA loan. But can you really use an FHA loan to build a house? The short answer is yes! FHA loans … 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
Do you know your debt-to-income ratio? Learn more about your DTI ratio, from how it works to how you can use it to your advantage in your next purchase. Between credit scores, interest rate percentages, and auto loan term lengths, buying a car incorporates several types of numerical amounts. The term “debt-to-income ratio” represents another … Read more
Finding yourself in need of extra cash but worried that your less-than-perfect credit will prevent you from qualifying for a loan? You may be relieved to learn that there are lending options available in Baton Rouge that don’t require a credit check In this comprehensive guide, we’ll explain everything you need to know about no … Read more
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Dreaming up plans for a major home remodel? Excited to finally tackle that kitchen overhaul or bathroom re-do you’ve been envisioning for years? Transforming your living space can be incredibly rewarding, but also requires some serious financial planning. The costs of a major renovation project can quickly add up From hiring contractors to purchasing new … Read more
Getting an FHA loan can be a great way for many buyers to finally achieve the dream of homeownership. FHA loans are backed by the Federal Housing Administration and have more flexible credit and down payment requirements than conventional mortgages. This makes them ideal for those with less-than-perfect credit or limited savings. If you currently … Read more