August 2014
What Is A USDA Construction Loan? Requirements for 2025
While a regular USDA loan lets you buy a house that’s already built, a USDA construction loan lets you build a new one instead. USDA considers a property new construction if the dwelling has been built within 12 months and has never been occupied. What ...
Appraisals Versus Home Inspections
Do I need both? Home appraisals tell you how much a home is worth, and a home inspection tells you why you might not want to buy it, regardless of price. Both processes have the capacity to derail home purchases. Â Home Appraisals Home appraisals ...
What is a RESPA on a Mortgage and What Does it Cover?
The Real Estate Settlement Procedures Act (RESPA) is an act passed by Congress in 1974. It was designed to protect potential homeowners and enable them to become more informed consumers. This act requires lenders to provide more information to borrowers at certain points in the ...