For eligible active-duty service members, veterans and surviving spouses, the VA loan is a really good deal if youâre looking to buy or refinance a home. Its benefits include a 0% down payment and a funding fee between 1.25% â 3.3% depending on the size of your down payment or equity amount and whether itâs … Read more
Are you thinking about buying a modular home? Modular homes offer many benefits compared to traditional site-built homes, such as faster construction time, lower costs, more customization options, and high energy efficiency. However, figuring out the mortgage payment for a modular home loan can be tricky. That’s where my handy modular home loan calculator comes … Read more
Federal Housing Administration loans, or FHA loans for short, are government-backed loans overseen by the U.S. Department of Housing and Urban Development (HUD). FHA loans are available to borrowers with a less-than-ideal credit score and not a lot of cash on hand, and these loans give home buyers on a tight budget a chance to … Read more
Department of Veterans Affairs (VA) loans are an attractive mortgage financing option for qualifying home buyers. If youâre an active-duty military member, a veteran or a surviving spouse, you can enjoy lower mortgage rates, limited closing costs and little to no down payment if you meet certain eligibility requirements for a VA loan. However, if … Read more
A loan letter or a loan application form is a structured, formatted legal document that is usually handed out by a loan agency or bank to the borrower. It usually states a request of a certain loan plan. These 7+ loan letter sample letter templates provides the best layout template, complete with great functional content … Read more
If you are wondering about getting a VA loan with bad credit, you’re not alone. It is a common question asked by our veterans and active-duty service members. This article explores how securing a VA loan with bad credit is not only possible but also more accessible than you might think, thanks to the unique … Read more
Purchasing a home with a VA home loan comes with certain requirements for home inspection that buyers should be aware of As a VA homebuyer, understanding these requirements is key to ensuring your loan process goes smoothly In this comprehensive guide, we’ll walk through everything you need to know about VA home inspection requirements. Overview … Read more
Get the information and tools you need for paying off your debt faster than you thought possible. Financial hardship can strike anyone unexpectedly. Job loss, medical bills, or other emergencies can leave you struggling to pay your bills and make ends meet. In times of need, government and nonprofit programs exist to help. Unfortunately, scammers … Read more
Getting an FHA loan to buy a home in Michigan can be a great option for many homebuyers FHA loans require lower down payments and credit scores than conventional mortgages, But there are specific requirements you’ll need to meet to qualify for an FHA mortgage in Michigan, Overview of FHA Loan Requirements in Michigan In … Read more
Getting approved for an FHA loan to purchase a fourplex can be a great way to become a real estate investor while also living in one of the units. With an FHA loan, you only need a 3.5% down payment and flexible credit and income requirements. This makes it one of the most accessible loan … Read more