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 […]
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.
Home Possible® is a Freddie Mac program that has very flexible credit guidelines for low to moderate income borrowers. It’s available to purchase or refinance a single-family home, condominium, or a 2–4 family home. If you need some help to overcome obstacles to homeownership such as, having a non-traditional credit history or lacking of funds […]
An escrow account can be a great benefit to new homeowners that are trying to get their financial plans in order and establish some good money habits.
Look over these steps to prepare your home for an appraisal and help the appraiser view your property in a more favorable light.
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.
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 […]
If you are looking to make a low down payment or if you are a veteran, the government may be able to help you with a Wisconsin, Illinois, Minnesota or Florida purchase or refinance! Check out these great government mortgage programs: FHA Mortgage Home Loans FHA loans are loans insured by the Department of Housing […]
On the banks of Zumbro River in Minnesota is Olmsted County’s county seat, the city of Rochester. Rochester is the largest city in Minnesota behind the Twin Cities metro area. Population and Number of Homes The recent census from 2010 shows that Rochester has 106,760 citizens. There were over 45,000 housing units making the density […]
Although some of these things may sound too good to be true, or even insane, all of the following facts about the USDA mortgage program are true.
