The various mortgage programs offered under the approval of the United States Federal government have some type of fee. FHA, VA, and USDA Rural Housing all fall into this group. This article will explain the fee charged by USDA and how it is used. USDA Annual Charge All borrowers that have a USDA loan are […]
Buying a home while in the middle of a divorce takes a bit more preparation and understanding compared to other types of home purchases. The following information should help people that are in the midst of a divorce and wishing to buy another home.
Along the shore of Lake Michigan, and north of Chicago, lies the town of Northbrook. The town receives its name from the Chicago River’s Northern branch that cuts through the town. Northbrook is a part of the wealthier suburbs of Chicago that are collectively called North Shore. Population and Number of Homes The most recent […]
A short drive to the south of Minneapolis is the city of Burnsville situated in Dakota County. Lying on the banks of the Minnesota River, Burnsville is a suburb of the twin cities Minneapolis & St Paul. Population and Number of Homes The census of 2010 lists the population of Burnsville as slightly more than […]
Look over these steps to prepare your home for an appraisal and help the appraiser view your property in a more favorable light.
In Hennepin County is a town known as Edina, Minnesota. This former milling and farming area has developed into a suburb in the southwest area of Minneapolis. Population and Number of Homes The 2010 census shows that the total population for Edina is just over 49,000 people. With 22,000+ housing units, the population density is […]
On the banks of Zumbro River in Minnesota is Olmsted County’s county seat, the city of Rochester. Rochester is the largest city in Minnesota behind the Twin Cities metro area. Population and Number of Homes The recent census from 2010 shows that Rochester has 106,760 citizens. There were over 45,000 housing units making the density […]
Family Opportunity Mortgage Loan Program The lowest mortgage interest rates and the most favorable terms are typically reserved for owner-occupied homes. As the phrase implies, the owner of the property lives in the house as their main residence. When analyzing risks for lending money, mortgage lenders feel that the owner of the place is more likely […]
A USDA loan is a great way to buy a house. The ability to borrow up to the home’s value at interest rates that are competitive with FHA and conventional loans makes this a great option for first-time home buyers. There are also new USDA income limits that make the USDA mortgage even better in […]
Dive into some of the advantages and disadvantages of a homeowner association and give you information to help you make a good decision for your next home purchase.
