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.
FHA Loan vs Conventional Mortgage: What’s The Difference
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How Much Money Do I Need for a Down Payment on a House?
Armed with this down payment information you can then make a plan to save up the funds needed and budget for your home purchase.
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.
Michigan FHA Loan: Program Guidelines and Requirements
Michigan FHA Loan When you are purchasing a home in Michigan, an FHA loan may offer some advantages. Whether you are purchasing your first property, or even if you have owned many homes, a loan backed by the FHA (Federal Housing Administration) could meet your requirements. Benefits of FHA Mortgage Loans If you have had […]
Minnesota VA Loans
Minnesota VA Loan The many women and men who serve our country in the armed forces deserve our utmost respect. They willingly sacrifice themselves in the pursuit of our country’s freedom. It is for this very reason that the Department of Veterans Affairs introduced VA loans. Unique Minnesota VA Home Loan Features The VA home loan […]
Florida FHA Loan Limits
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 […]
18 Tips for First Time Home Buyers
Things that really matter to first time home buyers such as getting formal representation to buy a home, why getting pre-approved is the best first step and how to decide on a place with the right frame of mind are just a few examples of the topics covered.
No and Low Money Down Mortgage Options
For potential home buyers who are in need of saving money on their purchase, there are some great ways to buy a home with a no or low down payment requirement. A few of the loans have very specific requirements in order to qualify. However, as we will show, most of these loans are available […]
Fall Home Buying Tips: Signs You Are Ready To Purchase!
Buying a home requires a bit of preparation. If you meet the following conditions then you should be ready to purchase your first home this Fall!
Why an Emergency Fund is Important
Whatever the situation may be, everyone needs to have some money set aside in an emergency fund to help them get through difficult times.
