Home Loan Learning Center
USDA Renovation Loan: Home Improvement Loan Requirements
USDA Renovation Loans If you’re thinking about purchasing a new home through the USDA loan program, you may have other options! While you can easily just buy a home that is not in need of any repairs, the USDA Renovation Loan Program allows you to ...
Renting VS Buying A Home: Should You Rent Or Buy A House
Should you buy or rent? As much as I wish I had a straightforward answer for you, I don’t. Instead, I hope to guide your analysis in order to make things just a bit more clear for you. Let’s run down the major benefits of ...
Can I Get A Mortgage If I Just Started A New Job? W-2 or 1099?
Considering changing jobs, but curious how that might affect the mortgage approval you’re hoping for? Or, maybe you already have a new job and are wondering what your odds are. The general rule of thumb is that you should have a two-year history at your ...
Can You Buy A House With Student Loans? Credit Score, Debt Ratio, etc
Buying a home with student loan debt is a possibility. The experts at CREFCO explain what you need to consider and how to go about the process for buying a home.
What Is The First-Time Homebuyer Tax Credit?
Tax credits are like rewards from the government for doing certain things, and they work by directly lowering the amount of tax you have to pay. But what about the first-time homebuyer tax credit? Well, it’s a special tax break for people who want to ...
What Is A Profit And Loss Statement? What About Balance Sheets?
An Introduction to Profit and Loss Statements and Balance Sheets For this blog update, we’ll be going into detail about profit and loss statements, Balance sheets, the differences between them, and when the first-time home buyer will be needing them for the home buying process. ...
Living Rent Free Letter for Mortgage: Needed Documentation
For the third and final part of this blog, we’ll be discussing some more documents as well as giving additional tips that may help the first time home buyer speed up the mortgage-lending process. In the last blog update, we talked a bit about some ...
What Is Escrow On A Residential Mortgage?
For this blog update, we will be discussing the mortgage term “escrow,” and what it means for the first time home buyer’s mortgage lending process. Escrow in the mortgage lending process is essentially an account that is created during the lending process that holds items ...
FHA Loan Homeowners Insurance Requirements (2025)
FHA loans require that the property being purchased has homeowners insurance in effect, on the day of closing. In addition to homeowners insurance, certain properties may require additional insurance coverages, i.e. flood insurance, and that will be determined during the loan process. The insurance policies ...