According to a recent update from the Federal Housing Administration, also called FHA, there are higher loan limits available. All areas around the country will benefit from the FHA floor maximum loan limit of $498,257. This amount is the new maximum for a single-family home. FHA also offers financing for multi-unit homes, up to a […]
The FHA 203k loan is a good way to buy a home and also get the extra money that can be used for renovations, repairs or both. There are good points and bad points to the loan and all of these should be considered before making a decision to purchase a property.
How To Get A VA Loan in Michigan If you are currently serving in the military or you are a veteran, you could be eligible for a VA loan to help you purchase a home in Michigan. The VA loan offers many advantages to help current and former service members purchase a home with better […]
When using a mortgage lender, the purchase of a home will always require an appraisal. However, the Veterans Administration goes an extra step with their loans by providing a home appraiser to determine if the property meets VA minimum property requirements.
The Federal Housing Administration (FHA) does more than offer ways for people to buy a home. They have another program designed to allow homeowners to get a lower interest rate, and hopefully a lower payment, without going through all the normal work associated with a refinance. The program is called the FHA Streamline Refinance and […]
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. […]
In the most basic of terms, VA Second-Tier Entitlement gives a qualified military person the ability to have two VA mortgages out simultaneously.
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.
Indiana VA Loan: How To Get A VA Loan in Indiana If you have served in the armed forces, you can benefit from a VA loan when purchasing a home. The Department of Veterans Affairs has authorized lenders to offer loans based on their rules. This reduces the risks for the lender as the loan […]
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 […]
