Department of Veterans Affairs (VA) loans offer a number of perks on the road to homeownership for veterans, like offering low to no down payments, more relaxed credit requirements and limited closing costs. Another benefit of a VA loan is that the thorough VA loan inspection requirements and qualifications aim to eliminate any problems with … Read more
Debt-to-income ratio, or DTI, measures your total monthly debt against your total monthly income. Along with your credit score, lenders use your DTI to judge whether they will offer you a loan and if so, at what rate. Debt-to-income ratio for car loans is represented by a percentage. Generally, the lower this percentage is, the … 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
Finding an affordable home can be challenging, especially in rural areas where access to credit and housing options may be limited. That’s where USDA rural home loans can help. These government-backed loans from the USDA Rural Development office make homeownership attainable for low- and moderate-income buyers in eligible rural locations. What Are USDA Home Loans? … Read more
Need to pay for a major kitchen remodel? Or maybe you need to buy land and fund the construction of an entirely new home. An FHA construction loan could help. First, you need to understand how this type of home loan works and how it differs from a standard FHA loan. Weâll review that in … Read more
Learn All About the 2024 Colorado Conforming Loan Limits for Various Property Types. Call Sammamish Mortgage Today for a Personalized Quote! 80014 This page includes all Colorado county conforming loan limits for 2024, as well as some information about why such caps are established. Home loans that exceed the maximum amounts displayed below are considered … Read more
The USDA loan program provides many homebuyers the opportunity to purchase a home with little or no down payment. One common question homebuyers have is whether the USDA loan can be used to build a new home In this comprehensive guide, we will explain everything you need to know about using a USDA loan for … Read more
An FHA construction loan can help you realize your dream of creating your forever home from the ground up, even if you have less-than-perfect credit. As long as you can make a 10% down payment, you may qualify for an FHA construction loan with a credit score as low as 500. Here’s what you need … Read more
A loan officer is usually the first person you’ll talk to when you shop for a mortgage loan, car loan, personal loan or business loan. However, a mortgage is one of the most complex and expensive loans most consumers take on, which is why every year the federal government requires ongoing education and a strict … Read more
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