Florida USDA Home Loan Buying a home without making a down payment can be rather difficult. Most conventional mortgages require at least some type of down payment that ranges from 3% to as much as 20% of the home’s selling price. For a $200,000 home that can mean $6,000 to $40,000 out of your pocket! […]
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USDA Rural Housing Up-Front and Annual Fee
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 […]
Virginia USDA Rural Development Mortgage Program
When you want to buy a home, finding the best mortgage program could make a significant difference to your long-term finances. If you are looking to live in rural Virginia, you could benefit from the advantages offered by the USDA’s mortgage program. Choosing a USDA Mortgage Loan The United States Department of Agriculture has a […]
Michigan USDA Mortgage Requirements
USDA Rural Development Mortgage When you are choosing which loan program is right for you, you might not consider the USDA. As this program is designed for homes in rural areas, you might not think it is suitable for your situation. However, the majority of Michigan should be covered and this type of loan offers […]
How To Buy A Home With No Money Down
Learn how to buy a home with no money down including information on FHA, VA, USDA, conventional programs and state specific loans!
FHA Loan vs Conventional Mortgage: What’s The Difference
The following will compare an FHA loan vs Conventional mortgage, not to show that one is better than the other, but to highlight the strengths of each mortgage.
Illinois USDA Rural Development Loan
2024 Illinois USDA Loan Illinois residents who are looking for a way to buy a home with no down payment should take a hard look at the Rural Development Loan (USDA loan for short). This mortgage is an excellent way for first-time home buyers in Illinois to save money on the acquisition cost and get a competitive fixed interest […]
VA Guidelines Every Veteran Should Know
Nearly all of these VA guidelines and rules will apply to a VA mortgage whether it is a purchase transaction or a refinance loan.
Jumbo Mortgage
There is a solid reason why the word “jumbo” is used to identify a certain type of mortgage loan. Typically, a jumbo loan is enormous in size when compared to an average home loan. For this reason, jumbo loans have a few special criteria that set them apart from other types of loans. What is a […]
Wisconsin USDA Rural Housing Loan
The biggest hurdle that most residents in Wisconsin face when buying a home is the down payment. For some people, it could take 5 years or longer to raise enough for a 5% down payment on an average-priced home. However, the USDA Rural Housing mortgage is a much better solution that is available to thousands […]