Maryland SmartBuy 3.0 gives homebuyers an opportunity to purchase any home in Maryland that meets Maryland Mortgage Program guidelines while paying off student debt. To qualify for the Maryland SmartBuy 3.0 program, homebuyers must have an existing student debt with a minimum balance of $1,000. Maryland SmartBuy 3.0 financing provides up to 15% of the … Read more
The iSDA one time close loan is an innovative loan program offered by the United States Department of Agriculture (USDA) that allows borrowers to buy land and build a home with one loan and one monthly payment. This loan combines financing for the land purchase, construction costs, and a long-term mortgage into a single loan … Read more
The Federal Housing Administration (FHA) loan program makes homeownership more accessible for many buyers. FHA loans require lower down payments and have more flexible credit requirements than conventional loans. However, the FHA places limits on these government-backed mortgages to prevent misuse. While you can get multiple FHA loans throughout your lifetime you usually can only … 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. As an Arkansas resident exploring home financing options, you may have come across USDA Rural Development (RD) … Read more
If you need money and have paid off a decent chunk of your mortgage, a home equity loan can be a tempting option. These loans generally carry lower interest rates than other consumer loans, because they are secured by real estate. Taking out a home equity loan or home equity line of credit (HELOC) can … Read more
Buying a home is likely one of the biggest financial decisions you’ll make in your life. With so many mortgage options out there, it can be tricky to determine which type of loan is right for your situation. Conventional loans are a popular choice for many homebuyers. Keep reading to learn all about the numerous … Read more
Trusts can be very useful tools for people to protect their wealth for their heirs’ use. However, they can also be complex, especially since there are several types of trusts. As a trust lawyer from a firm like W.B. Moore Law can explain, it’s sometimes possible to take out loans from a trust for a … Read more
Manufactured homes formerly known as mobile homes provide a more affordable way for many people to achieve homeownership. With site-built home prices rising, factory-built manufactured housing presents an appealing option. However, securing financing for a manufactured home through a mortgage lender can be tricky. Not all banks and lenders provide loans for these types of … Read more
Having outstanding debt can be stressful enough without loan companies contacting your employer Many borrowers wonder – can a loan company legally call my employer about my debt? The short answer is generally no, unless you’ve given them permission. The Fair Debt Collection Practices Act (FDCPA) provides federal guidelines on what lenders and debt collectors … Read more
Whether youre a first-time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.580 Credit Score- and only -3.5% Down RELATED ARTICLES FHA loan limits were established to define how much … Read more