Home Loan Learning Center
USDA Loan Closing Costs and Fees
You have found a property in rural America that meets your household income needs and fits your budget. Before finalizing the deal and buying the house, it’s good to know the closing costs and fees that you will need to pay for the USDA loan ...
What Disqualifies A Home From USDA Financing
Backed by the Department of Agriculture, USDA loans aim at helping prospective homeowners with a low household income buy their homes in an agricultural or suburban area. As such, a USDA home loan comes with favorable housing repayment terms and low interest rates. They also ...
USDA Loan Credit Score Requirements
USDA loans are geared toward people wishing to have their primary residence in rural or suburban areas. These types of USDA loans are backed by the US Department of Agriculture and come with favorable income requirements terms, competitive interest rates, and no down payment requirement. ...
USDA Income Limit 2024
When buying a home in rural America, the USDA mortgage program is an attractive option. A USDA loan is a family housing guaranteed loan program that comes with no down payment and has competitive interest rates and flexible credit requirements. They are also geared toward ...
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 ...
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 ...
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.
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, ...
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 ...
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 ...
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. ...
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 ...