Armed with this down payment information you can then make a plan to save up the funds needed and budget for your home purchase.
How Much Money Do I Need for a Down Payment on a House?
Search Results for: elmhurst-fha-loan-benefits
How to Get a Mortgage: Pre-Approval to Closing
This detailed examination will provide the basics of getting a pre-approval from a local lender, looking for a property, completing the mortgage application and then the closing.
Non-Occupying Co-Borrower Guidelines: FHA and Freddie Mac Edition
The option of using a non-occupying co-borrower on FHA, Fannie Mae or Freddie Mac mortgage loan opens up homeownership to more borrowers. These are often first-time home buyers who wouldn’t otherwise be able to qualify so soon.
How To Purchase A Fixer-Upper And Totally Remodel It
Learn how to purchase a fixer-upper and totally remodel it! With a little insight and some negotiation skills, it is possible to find that diamond in the rough.
WHEDA Loan Requirements: Wisconsin Housing and Economic Development Authority
Back in the early ’80s, Wisconsin recognized the opportunity to help its citizens with homeownership opportunities by implementing specific unique mortgage programs. From this desire, the Wisconsin Housing and Economic Development Authority (aka WHEDA) was created. Since its inception over 1,000 grants have been awarded, enabling people to find their own place to call home. […]
USDA Mortgage
The United States Department of Agriculture (USDA) offers a loan program known as the USDA Guaranteed Rural Housing Loan or just USDA Rural Housing mortgage. This program has been around for a number of years and is a great option for buying a home. The USDA Rural Housing Mortgage program is unique in three ways […]
Michigan VA Loan: Program Requirements and Guidelines
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 […]
FHA Reverse Mortgage Loans
With the Baby Boomer generation getting older, many people who have lived at the same home for 20+ years are realizing a very important fact; you can’t eat equity. People who have spent years maintaining and updating their homes are in a position where they have a large amount of equity in their property. But […]
What are Mortgage Overlays? Lender Guidelines Explained!
Mortgage overlays are specific rules a lender follows ABOVE the published guidelines set by Fannie Mae, Freddie Mac, FHA, VA and USDA.
High LTV Refinance – Fannie Mae & Freddie Mac
Back in 2009, as the mortgage crisis was slowly ending, many homeowners found themselves in a terrible position; their home was worth much less than their current mortgage balance. To persuade people to stay in their homes and avoid a wave of foreclosures across the country, Fannie Mae and Freddie Mac introduced the HARP plan. […]
