FHA guidelines prospective buyers need to keep in mind when shopping for their home. FHA approved lenders are able to offer mortgages with enticing rates for people that might not qualify for a Fannie Mae or Freddie Mac home loan.
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.
Understanding the consequences of FSBO failure sheds light on the potential risks of navigating the real estate market without professional assistance.
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 […]
For many potential home buyers, the FHA mortgage is a fundamental part of their buying strategy. This particular mortgage has been a staple program for multiple generations and has helped numerous people realize the dream of owning a home. FHA Mortgage Requirements FHA, an acronym for Federal Housing Administration, does not directly offer loans. Instead, […]
Getting a pre-qualification for a mortgage is a good idea if you are just looking and thinking about buying a home. Getting pre-approved for a loan is almost mandatory when you are serious about purchasing your home.
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. […]
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 […]
Here are some major questions any potential home buyer should ask their mortgage lender before signing up for a loan.
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.
