Home Loan Learning Center
How Long Does a Home Appraisal Take in 2025?
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 ...
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 ...
Home Possible Income Limits
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 ...
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 ...
How Long Does It Take To Buy A House? Process 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 ...
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. There are several exceptions for a home loan that can make it easier for people ...
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 income, the down payment, and your other financial obligations. If you are already paying a ...
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 payment comes from your income and other legal sources. Once they are satisfied that you ...
Are Condos Safe From Hurricanes?
What if your apartment rent was the same price as a mortgage payment? Give us a call to learn more about your personalized options. Call Us Now During hurricane season, the safety of high-rise condos becomes a top priority. There are many misconceptions about hurricane ...