Purchasing a mobile or manufactured home in Minnesota can be an affordable way to become a homeowner With lower price points than site-built homes, mobile homes offer a viable path to owning real estate However, financing a mobile home purchase is different than financing a traditional house. You’ll likely need a chattel loan rather than … Read more
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Buying a home is an exciting milestone in life. However, saving up enough money for a down payment can be challenging for many homebuyers. If you don’t have enough cash on hand, using a home equity line of credit (HELOC) to fund your down payment is an option worth considering. In this comprehensive guide, I’ll … Read more
USDA loans offer an incredible opportunity for eligible borrowers to purchase a home with no down payment. However, while you may not have to bring cash to closing for a down payment, there are still some hidden costs to be aware of when financing a home with a USDA mortgage. What is a USDA Loan? … 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
Construction to permanent loans, also known as one-time close loans or all-in-one loans, allow borrowers to finance the construction of a new home and automatically convert the construction loan into a permanent mortgage once construction is complete, without having to apply for a separate mortgage This unique type of financing makes building a custom home … Read more
Buying a home in Las Vegas can feel like a gamble with sky-high prices and competitive bidding wars But securing an FHA loan is a safe bet that more first-time buyers should take FHA loans open doors, especially for those lacking substantial down payments or perfect credit. However, meeting the FHA loan requirements in Las … Read more
Have you found the perfect lot or parcel of raw land to build a home, subdivision, or commercial development? Then look no further! EquityMax can fund your vacant land deal quickly and close in as little as 48 hours. Whether your lot is in a big city or rural area, or you need a large … Read more
The Federal Housing Administration (FHA) makes it easier to get a mortgage than other popular types of financing. The catch: Lenient borrowing requirements mean extra FHA closing costs. Closing costs are the fees charged to finalize a mortgage loan. When getting an FHA loan, buyers can expect to pay between 2-5% of the purchase price … Read more
The path to owning a barndominium is filled with many hurdles and obstacles. However, most of them are completely manageable and can be overcome with a little bit of planning. One of these obstacles that many people bump up against is getting financing for their barndo—because of this, getting an FHA loan for a barndominium … Read more