Purchasing a duplex with an FHA loan can be a great way for first-time homebuyers to get into real estate investing. The low down payment and flexible credit requirements of FHA financing make it feasible for many buyers. If you plan to live in one unit and rent the other, you can qualify for a … Read more
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more
Looking for a car loan? Learn more about debt-to-income ratio and how it might affect getting a vehicle loan with this blog post from TDECU. When you start shopping for a new car, you may envision yourself driving a big, shiny, new vehicle loaded with all the latest features. Before you make a list of … Read more
The USDA Rural Development (RD) loan program offers many benefits for eligible homebuyers in Arkansas. Also known as the Section 502 program RD loans require no down payment and offer competitive interest rates. However there are requirements borrowers must meet to qualify. In this article, we’ll break down key RD loan eligibility and underwriting requirements … Read more
USDA loans include occupancy requirements that specify how USDA-financed homes can be used and by whom. The most important USDA occupancy requirement is the primary residency requirement, which says the home must be used as your primary place of living — not a second home, vacation house, or income-earning property. Individual scenarios can make determining … Read more
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more
The VA loan program allows eligible veterans and service members to purchase or refinance a home with no down payment and relaxed underwriting standards. But there are occupancy requirements that borrowers must meet to qualify for a VA loan This article provides a comprehensive overview of VA loan occupancy rules and exceptions What is the … Read more
Have you ever been in a situation where you needed money immediately but didn’t know where to turn? Life can throw unexpected expenses our way, from medical bills to car repairs to temporary job loss. When these emergencies arise, having access to any day cash loans can provide the quick funds you need to get … Read more
A VA assumable loan allows a buyer to take over the mortgage of a seller with a VA loan. Instead of getting a new loan, the buyer assumes the original loan with its terms and conditions. VA loans are assumable regardless of whether the buyer is a veteran or not. Assuming a VA loan can … Read more
Buying a home is an exciting yet stressful process. Saving up enough for a down payment is often one of the biggest hurdles for prospective homebuyers. This is where FHA 203(b) loans can help. FHA 203(b) loans only require a 3.5% down payment, making homeownership more accessible. In this comprehensive guide, we’ll cover everything you … Read more