While the cash gift is not only allowed but encouraged by the Federal Housing Administration, there are rules to how the money can change hands and how it is all documented. If the steps are not followed it is very likely that the home loan will be rejected.
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2024 Minnesota FHA Loan Limits
If the idea of buying a property with only 3.5 percent for a down payment is appealing, an FHA loan could be for you. But before you buy your Minnesota property using an FHA home loan, there are a few things you need to know as a homebuyer. You can take advantage of a 3.5% […]
Rochester
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 […]
To Escrow or Not to Escrow, That is The Question . . .
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.
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!
19 Questions to Ask When Buying a House
We look at the best questions to ask before making an offer so that you can be more confident in your choice.
Buyers Market Vs Sellers Market: Strategies to Get the Best Deal
We look at how you can tell if it’s a buyer or seller market you are dealing with, and more importantly, what you need to do to buy or sell a home.
2024 FHA Loan Limit in Illinois by County
Saving for a down payment can hold you back from purchasing a home. But with the Illinois FHA program, you can purchase a home with as little as 3.5 percent down, making saving for the down payment a little easier. You might have money saved in your checking or savings accounts, but family members can also […]
FHA Minimum Property Standards and Requirements
Understanding these FHA minimum property requirements will help home buyers and sellers through the appraisal process and not be alarmed.
Oshkosh
Lake Winnebago, where Fox River joins on the west side, is home to the city of Oshkosh, Wisconsin. The city is within the limits of Winnebago County and boasts of 95,000 residents as of the most current census. Population and Number of Homes Based on the information reported by the federal census from the year […]