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Month: November 2023

How to Buy a House with Bad Credit and Get Your Mortgage

Your credit score matters a lot when you’re trying to get a mortgage to buy a home. However, you still have plenty of mortgage options even with a below-average credit
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HomeReady® Mortgage Income Limit and Requirements for 2023

Buying a home in the current property market can be challenging. The Fannie Mae HomeReady® program is geared towards buyers who might be struggling to enter the property ladder. The
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USDA Loan Florida: Requirements and Income Limits

Miami, Orlando, Tampa, and Palm Beach, FL might catch people’s attention but did you know that Jefferson County, FL is 100% rural as is Lafayette County? In these counties, you
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How Long Does a Home Appraisal Take in 2024?

A home appraisal timeline ranges between one and three weeks. In a hot licensed real estate market, you get an appraisal on the higher end of the range.  A home
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Red Flags When Buying a Condo: What to Keep an Eye For

Purchasing a condo is a great way to own a new property. Condo estates are usually located in central areas with lots of amenities and opportunities. City centers, schools, shopping
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Home Possible Income Limits: 2024 Requirements

The Home Possible® Program from Freddie Mac helps low-income borrowers achieve homeownership on favorable terms. The program comes with a low down payment, which helps first-time home buyers climb on
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USDA Loan Texas: Requirements, Credit Score, Application

Did you know that 97% of Texas in the United States is categorized as rural? That means that many prospective homeowners qualify for a USDA direct loan.  USDA home loans
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How Long is the Process To Buy a House (Timeline)

You typically need a few months for the whole first-time home-buying process. It often takes between 6 and 8 months of research in the local market on average to find
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When Are You Considered A First-time Home Buyer Again?

You are typically considered first-time homebuyers when you haven’t owned a home before. However, the definition of a first-time principal residence buyer is not as straightforward as it may seem.
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I Make $40,000 A Year How Much House Can I Afford?

You will assess how large and expensive a house you can afford depending on how much you make. The price of a home you can realistically afford depends on your
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Do Lenders Look at Bank Statements Before Closing?

Underwriters want to check that you are a responsible borrower who’s financially able to repay the mortgage. They also need to make sure the money you use for your down
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Are Condos Safe From Hurricanes?

During hurricane season, the safety of high-rise condos becomes a top priority. There are many misconceptions about hurricane damage and prospective apartment and condo buyers should have valuable insight about
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Questions To Ask When Buying A Condo? Fees and Restrictions

Are you thinking of buying a condo as your new home? Condos mix convenience and community living, which sets them apart from traditional single-family homes. They can make life easy
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