Homeowners move each year for various reasons including employment, financial challenges, more or less space, and other factors.
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When considering a rehab mortgage for a new home purchase or renovation project, it’s important to examine various types and specific requirements, benefits, and drawbacks of each.
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First-time home buyers may qualify for various conventional and government-backed loans, such as those offered through Fannie Mae, Freddie Mac, the Federal Housing Administration, U.S. Department of Agriculture, and Veterans Affairs.
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Government-backed loans offered through the Federal Housing Administration (FHA), U.S. Department of Agriculture (USDA), and Veterans Affairs (VA) can assist qualified borrowers with home purchases, and improvement and rehab projects.
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