Getting your first loan can be an intimidating process, especially if you don’t have any credit history. Without a track record of borrowing and repaying debt, lenders view first-time borrowers as riskier applicants. But having no credit doesn’t mean you can’t qualify for financing. There are steps you can take to boost your chances of … Read more
Consumers who need to lease a car or rent an apartment need to prove the income that they earn. The party leasing the car or renting the apartment needs evidence that you can afford to make the payments. If you’re applying for a mortgage loan, or refinancing a loan, you’ll also need to prove your … Read more
If you want to build your dream home but youre having a hard time meeting the requirements of a conventional loan, weve got good news for you. An FHA Construction loan provides you with more flexible lending requirements, giving moderate-income families the opportunity at custom-homeownership. Lets find out how an FHA Construction loan can help … Read more
USDA loans are a government backed mortgage option available to rural homebuyers. Despite its reputation as a product for “rural” properties, the guidelines actually permit purchases in approximately 97 percent of the United States. And of course, the marquee feature of a USDA loan is that no down payment is required. But even though you … Read more
Offers loan guarantees to approved lenders providing financing to individuals and families with low or moderate income to obtain safe, clean, modest, affordable homes in rural areas. Reduces the risk to lenders, allowing them to extend 100% financing to eligible homebuyers who are unable to secure credit from other sources. Loan funds may be used … Read more
Buying your first investment property can be an intimidating process Where do you start? How much money do you need upfront? What financing options should you consider? This is where FHA loans can be a game changer for aspiring real estate investors In this comprehensive guide, I’ll walk you through how to use FHA financing … Read more
Government CUP (Community Facilities Utility Program) loans provide affordable financing for rural communities to develop repair and renovate essential utility infrastructure projects. These loans and grants are administered by the United States Department of Agriculture (USDA) Rural Development office. If your rural town or municipality needs funding for water, waste disposal, electricity, gas, or other … Read more
Single moms have a tough job, and many Americans are taking on this responsibility. According to the U.S. Census Bureau, 80% of single-parent households were headed by mothers. Raising a family alone and on one income is challenging. When unexpected expenses pop up, that financial situation can be a disaster. Loans for single mothers are … Read more
Getting approved for an FHA loan in New Jersey can seem complicated, with various credit score requirements depending on your situation. This article breaks down key details on credit scores for FHA loans in NJ, so you can better understand qualification criteria when applying. Overview of FHA Loan Credit Score Requirements in NJ The Federal … Read more
Purchasing a condominium with a VA loan is an excellent option for many Veterans, but there are some special requirements to be aware of. In this comprehensive guide, we’ll cover everything you need to know about using your VA home loan benefit to buy a condo Overview of VA Loans First, let’s start with a … Read more