Qualify for a Bank Statement Loan for the Self-Employed While the mortgage crisis from 10 years ago may have changed the way mortgages are offered, the bank statement loan program is still available under the right circumstances. This type of non-qualified mortgage loan will require some documentation for the down payment and income, but it […]
Indiana USDA Rural Development Mortgage When looking to buy a home in Indiana, saving a large down payment could delay your purchase for years. Your lender might require 5% of the sale price as a down payment to qualify for the loan, but with a USDA Rural Housing guaranteed home loan, this is something you […]
The Mortgage Credit Certificate (MCC) is a tax credit that has been around for a number of years to help Wisconsin homeowners improve their ability to pay for their mortgage. Here are the basic guidelines of how the program works.
Rather than provide their kids or grandkids with a check as a down payment on a home, some people choose to offer a gift of equity on an existing home.
For people that want to not only buy a home but get a great deal on their mortgage, the USDA home loan is one of the better programs available for those who qualify.
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.
There is a solid reason why the word “jumbo” is used to identify a certain type of mortgage loan. Typically, a jumbo loan is enormous in size when compared to an average home loan. For this reason, jumbo loans have a few special criteria that set them apart from other types of loans. What is a […]
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 […]
Look over these steps to prepare your home for an appraisal and help the appraiser view your property in a more favorable light.
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.
