The USDA Rural Housing refinance program is for those that already have a USDA rural development loan in place. Unless your current loan is a Guaranteed Rural Housing loan or a USDA Section 502 Direct loan, you cannot refinance into the program. The USDA Refinance is designed to lower the interest rate on a current USDA […]
If you don’t have the savings to pay a large down payment or a great credit score when buying a home, a Federal Housing Administration (FHA) loan can help. It can make it easier to get approved for a loan with lower down payments. You can buy a home with as little as 3.5 percent […]
VA Mortgage Requirements and Guidelines: A Detailed Look In 1944 the United States Congress introduced the bill that paved the way for the Veterans Administration (also called VA) to officially offer the VA mortgage to veterans. While there have been a few changes and improvements to the lending rules over time, the main intent remains […]
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 […]
Indiana FHA Loan Requirements If you are planning to buy a home in Indiana, a government-backed mortgage from the FHA is one of the options that you should consider. The Federal Housing Administration insures loans from approved lenders that offer many advantages to buyers. We look at some of the basic features of an FHA […]
The ULTIMATE Guide to Winter Curb Appeal ideas. Getting a home ready for sale is similar to picking out the right outfit for a vacation; you have to know the climate and the season. Tips and ideas that are great for summer are not quite as effective in the fall and winter. To help people out through the holidays and beyond we have combined a list of ideas and tips focused on listing a home during the winter.
For many potential home buyers, the FHA mortgage is a fundamental part of their buying strategy. This particular mortgage has been a staple program for multiple generations and has helped numerous people realize the dream of owning a home. FHA Mortgage Requirements FHA, an acronym for Federal Housing Administration, does not directly offer loans. Instead, […]
In the great Badger State, the VA Loan benefit can be used whether a borrower needs to purchase a home or refinance an existing VA loan on a home in Wisconsin. The VA program that is authorized by the Department of Veterans Affairs provides access to a great benefit to the men and women who have […]
Nearly all of these VA guidelines and rules will apply to a VA mortgage whether it is a purchase transaction or a refinance loan.
We look at FHA, VA, and USDA, which are the three main government-insured loan programs, to help you pick the right program for your situation.
