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
Getting an FHA loan can be a great option for many homebuyers, especially first-time buyers or those with less-than-perfect credit. The low down payment requirement – as little as 35% – makes these loans very accessible However, FHA loans come with an extra cost mortgage insurance premiums, also known as MIP. MIP protects the lender … Read more
USDA home loans, also known as Section 502 direct loans, are an incredible program offered by the United States Department of Agriculture (USDA) Rural Development agency These loans help low- and very low-income individuals and families living in rural areas obtain affordable financing to purchase, build, repair, renovate or relocate homes when they are unable … Read more
If you’re looking to buy vacant land or farmland in rural Ohio, USDA land loans can help make your dream a reality. As an Ohio resident myself, I’ve done extensive research on USDA’s land loan programs available here. In this comprehensive guide, I’ll walk through all the key details so you can determine if these … Read more
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Buying a home is one of the biggest purchases most people will make in their lifetime. Typically, home buyers will need to secure financing and take out a mortgage to afford their dream home – this means you will need to make monthly payments to a lender until you pay off the mortgage. Unfortunately, life … Read more
If you’re considering a career as a mortgage loan officer, one of your biggest questions is likely – how much can I make? Loan officer commissions can vary widely depending on your experience, location, and employer. But overall, it offers the potential for a lucrative income In this comprehensive guide, we’ll break down everything you … Read more
A cash secured loan is a type of secured loan that is backed by a savings account or certificate of deposit (CD) held at a bank or credit union This unique loan product can help consumers with little or poor credit build or rebuild their credit scores. Cash secured loans allow borrowers to leverage funds … Read more
Buying a home is a multi-step process, and everyones homebuying journey may vary. It’s an extremely common question for many first-time homebuyers: “How long will it take to buy a home with a VA loan?” Theres a lingering myth that VA loans take forever to close, but thats simply not the case. Demystifying the VA … Read more
Often, the most challenging part of buying a home is coming up with a down payment. Whether your lender is allowing 3% down or youre hoping to hit 20% to reduce your monthly payments and avoid mortgage insurance, saving up all that cash isnt easy for most people. With the national average home price currently … Read more