Are you looking to upgrade your kitchen, get a new roof, finish your basement or add a deck to your backyard? Home improvement projects can be a significant investment, so many homeowners wonder whether they can reap any tax benefits from renovating. Home improvements can greatly enhance the value and enjoyment of your home However, … Read more
Conventional loans are one of the most common mortgage options for financing a home. These loans are not guaranteed by the federal government, but conform to guidelines set forth by Fannie Mae and Freddie Mac. Conventional loans tend to have stricter down payment and credit requirements than other loan options. Eligibility standards vary by lender, … Read more
Rates listed are for primary residence in manufactured home with a 25% down payment and borrower credit score of 740. APR (Annual Percentage Rate) is based on loan amount and interest rate. Example monthly payments quoted include principal and interest only. Actual payments may be higher if they include taxes and insurance. Rate, terms and … Read more
Purchasing a used mobile home can be an affordable way to become a homeowner. But securing financing for a pre-owned manufactured home does require some extra planning compared to financing a site-built house. In this comprehensive guide, we’ll explore the unique considerations around getting loans for used mobile homes and review the financing options available … Read more
Calculate your new construction loan or refinance options below. Input your details and hit Calculate to view your loan terms and an interactive graph. Additionally, explore the detailed payment schedule in the table below, and download the data as an Excel or CSV file for your records. Step 1: Select your loan type (Purchase or … Read more
Building a home can be expensive. And taking out both a construction loan and primary mortgage to finance this can be challenging. Fortunately, a USDA construction loan can help with both problems. These loans require no down payment, and youâll only need to close one loan to finance both the construction of your residence and … Read more
Next to a home, your car may probably be one of the most expensive purchases youll make in your lifetime. And if youre like most people, youll change vehicles a few times in your lifetime. But lets face it, most of us dont have the money to pay for a car or truck outright, which … Read more
Tragedy and hardship can strike any family. And when they do, high, unplanned, out-of-pocket expenses can lead a family down a destabilizing and difficult financial path, forcing them to seek high-interest loans, default on their debts, or even file for personal bankruptcy. FEEA offers eligible federal employees confidential, no-interest loans to help them bridge their … Read more
Homeownership is one of the largest investments a person will make and, for some people, crossing that milestone is a great feeling. As awesome as homeownership is, it’s also a big responsibility. More than in the recent past, Americans are experiencing the weight of that responsibility in their mortgage payments. That’s because home prices in … Read more
Reviewed Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors opinions or evaluations. Homebuyers are not limited to using a conventional loan. U.S. active-duty military service members, reservists or National Guardsmen, veterans and eligible surviving spouses can take advantage of the Veterans Affairs (VA) loan program. … Read more