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 […]
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Indiana FHA Loan Requirements
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 […]
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 […]
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.
VA Loan In Florida
VA Loan in Florida Veterans who live in the sunshine state of Florida can use the VA home loan program for a purchase loan or refinance. This program, which is backed by the Department of Veterans Affairs, is a benefit offered to men and women who served our great country. For many reasons, this loan […]
Wisconsin VA Loan: Mortgage Program Requirements and Guidelines
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 […]
Minnesota FHA Loan
Getting an FHA mortgage is a great way to buy a home or refinance an existing mortgage. The FHA program has been around for many years and is a popular mortgage for first time home buyers. About FHA Loans The acronym FHA stands for the Federal Housing Administration. This organization began in the year 1934. […]
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 […]
Illinois VA Loan
VA Home Loan in Illinois Among the various benefits offered to our men and women who have served in the military, the VA mortgage is a real gem. The VA loan is a mortgage program that has empowered thousands of residents in the state of Illinois with the ability to buy a home and secure […]
The Differences Between FHA, VA, and USDA Mortgages
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.