VA home loans have a unique benefit that sets them apart from conventional loans – they are assumable. This means under certain conditions, a buyer can take over the mortgage of the current VA homeowner This article will explain what loan assumption is, who can assume a VA loan, the process, pros and cons, and … Read more
FHA and VA loans are both popular choices for homebuyers, but which one is right for you? It all comes down to your unique financial circumstances. Each mortgage type has benefits and features unique to the program. FHA loans, insured by the Federal Housing Administration, are accessible to the general public. In contrast, VA loans … Read more
Living in rural Alabama and wanting to buy affordable land to build your dream homestead? USDA land loans may be the perfect solution As an Alabama resident, you may qualify for 0% down payment loans from the USDA Rural Development agency to buy and finance vacant land for your future home An Overview of USDA … Read more
Purchasing land to build your dream home can be an exciting endeavor. However, securing financing to buy vacant land can be challenging compared to obtaining a traditional mortgage. Land loans, also known as lot loans, allow you to finance the purchase of a tract of land for building a home or other purposes. If you’ve … Read more
Itching to get out onto the lake? Do you daydream about being alone with a cooler and a fishing pole? Or perhaps you just want to spend lazy days with friends and family out on the water. The idea of spending free time on the water is exciting, but the price tag that comes with … Read more
Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. When you take out a mortgage, you’ll sign a stack of legal paperwork to seal the deal. One of these documents will be known as a security instrument — typically either a deed of trust or a … Read more
The FHA loan program offers homebuyers the chance to purchase a home with a low down payment and flexible credit requirements. But can you get more than one FHA loan? The answer isn’t so straightforward. While you can get multiple FHA loans throughout your lifetime, you generally can only have one FHA loan at a … Read more
Nearly 45 million Americans have student debt. Thankfully, its becoming easier for homebuyers to obtain a mortgage with student loans. Recent updates to lending guidelines mean that you could be “hit with” a lower student loan payment when it comes to mortgage qualification. Here’s what lenders are required to count as your student loan monthly … Read more
The Federal Housing Administration’s mortgage insurance program makes homeownership more accessible for many buyers. FHA loans only require a 3.5% down payment and have flexible credit requirements. But can you get more than one FHA loan? While you can qualify for multiple FHA loans over your lifetime, there are restrictions on having more than one … Read more
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