We look at the things you can do to get ready to move out of your parents house less scary and more successful. Easy steps that anyone can follow.
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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 […]
VA Second-Tier Entitlement – A Comprehensive Guide
In the most basic of terms, VA Second-Tier Entitlement gives a qualified military person the ability to have two VA mortgages out simultaneously.
Niche Mortgage Programs That Home Buyers Should Know
If your situation doesn’t fit the standard expected by lenders, you could find it more difficult to qualify for the home loan you want. But there could be other options that will make financing your home purchase easier.
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. […]
Family Opportunity Mortgage Guidelines
Family Opportunity Mortgage Loan Program The lowest mortgage interest rates and the most favorable terms are typically reserved for owner-occupied homes. As the phrase implies, the owner of the property lives in the house as their main residence. When analyzing risks for lending money, mortgage lenders feel that the owner of the place is more likely […]
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.
Requirements For an FHA Home Loan in Florida
How To Qualify For An FHA Loan in Florida The FHA loan has long been a standard for first-time homebuyers and experienced home buyers alike to purchase a home. There are many reasons why this program continues to be popular among potential homeowners. Here we present some of the basic guidelines of the program for […]
80/15, 80/5, 80/10 Combo Loans
Puzzled about combo 80-15 80-10 or an 80-5 mortgage? We can help! Combo mortgage loans sometimes called a Piggy-Back loan, is a program designed to help Borrower’s purchase a home with 5-15% down while avoiding Mortgage Insurance. A combo loan is actually 2 mortgage loans, a 1st mortgage (at 80% of the value of the home) and […]
How To Buy a Home While Going Through a Divorce
Buying a home while in the middle of a divorce takes a bit more preparation and understanding compared to other types of home purchases. The following information should help people that are in the midst of a divorce and wishing to buy another home.