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VA

VA Home Improvement Loan – Requirements for Renovation 2024

VA home improvement loans can help borrowers buy a fixer-upper or a home that requires renovation and roll the cost of the renovation, alteration, and repair into the original mortgage. VA home improvement loans can also be used as refinance loans. If you’re a veteran ...
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USDA

USDA Loan Maine: Requirements, Income Limits, and Eligibility

If you’re dreaming of homeownership but are struggling to find affordable financing options, USDA loans might be the solution for you. USDA home loans are backed by the United States Department of Agriculture and are geared towards helping people buy quality homes in rural areas ...
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Mortgage Tips

Pros & Cons of Owning a House | What Homeowners Need to Know

For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.
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Mortgage Tips

Down Payment Gifts – Rules for Giving and Receiving

Buying a house can be difficult, particularly if you have to pay a down payment toward the value of the house. For first-time homebuyers, home affordability is even more challenging as they don’t benefit from the liquidity of selling a home. For most home loans, ...
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Mortgage Tips

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 score. Lenders of conventional loans have a qualifying credit which is the minimum required for ...
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Mortgage Tips

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 mortgage is designed to help people on low income buy their home and it comes ...
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USDA

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 can get a USDA loan to buy a home with favorable terms and low-interest rates. ...
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Mortgage Tips

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 appraisal is required by your lender to check the real value of the home you ...
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Mortgage Tips

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 markets, entertainment areas, and amenities are often available just around the corner.  If you are ...
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Mortgage Tips

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 the property ladder.  The income limit set by Freddie Mac depends on the borrowers’ zip ...
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Male house buyer giving his contract to the loan officer for a USDA Loan in Texas.
USDA

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 are backed by the Department of Agriculture as part of its USDA Rural Development Guaranteed ...
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Mortgage Tips

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 a home, close a deal, and buy a home, from beginning to end.  First-time home ...
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