Having a credit score under 550 can make getting approved for loans very challenging. However, it is still possible with the right preparation and approach. In this comprehensive guide, we’ll provide key information for borrowers with credit scores below 550 who need funding now. What Is Considered A Poor Credit Score? Your credit score falls … Read more
Buying a home is an exciting milestone, but navigating the mortgage process can be daunting, especially for first-time homebuyers. If you’re considering applying for a USDA home loan in Mississippi, it’s important to understand the program requirements beforehand so you can submit a complete, eligible application. In this comprehensive guide, we’ll break down key USDA … Read more
Assuming a VA loan can be a great way for homebuyers to purchase a home with little money down and at a low interest rate. With mortgage rates on the rise, being able to assume someone else’s low rate through a VA loan assumption is an intriguing opportunity. In this comprehensive guide, we’ll explain what … Read more
With a shortage of homes for sale on the market, you may be looking to build your new dream home. Building your own home can be a tremendously rewarding experience. You get to make choices about everything from location and floor plan to colors and landscaping. At the end of the process, you have a … Read more
With a hot real estate market and rising property prices (especially in major cities) it’s becoming increasingly harder for Canadians to afford to buy a home. Buying a house together with someone else using a a tenants-in-common mortgage could be a smart solution. Read on to see if it’s the right option for you. Stay … Read more
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With an FHA loan, you can purchase a property with lower credit score and down payment requirements, saving you money upfront. Naturally, if you want to get into real estate investing or purchase a large, multiunit property, you might want to take advantage of an FHA loanâs flexible credit requirements. FHA restrictions and different definitions … Read more
Life is unpredictable for everyone. But military families know that the unpredictability can be multiplied exponentially for them — between PCS moves, new jobs, and new challenges, the only constant is change. While each day can bring something new and exciting, it all typically has one thing in common: It all seems to cost money. … Read more
The U.S. Department of Agriculture (USDA) offers nonconforming loans called the Rural Development Guaranteed Housing Loans. These are more commonly known as USDA loans, which helps buyers with low to moderate incomes purchase their own homes. These competitively priced loans make purchasing a home more affordable for individuals and families living in certain rural areas … Read more
When you have a credit score of 650, there’s really not much left to go to get to the Good FICO Score range. If you didn’t know this yet, though, we have great news for you because, as far as home loans are concerned, you don’t need to maintain a good credit score if you … Read more