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Mortgage News, Tips and Resources

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Benefits of a Government-Backed Mortgage text along with happy family in background
October 20 2023

Benefits of a Government-Backed Mortgage

Government-backed mortgages provide many financial benefits for first-time and repeat homebuyers, such as lower down payments, lenient credit score requirements, improvement project grants, and more.

May 22 2023

Government-Backed Loan Qualifications & Requirements

Whether you’re a first-time or repeat home buyer, government-backed loans offer lower down payments, lenient credit scores, and many other financial benefits.

May 08 2023

Rehab Loans for First-Time Home Buyers

There are several rehab loans first-time home buyers should consider when researching mortgage options, including those offered by the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac.

Happy young couple with key in hand standing outside in front of their new home
May 01 2023

What Is a Government-Backed Mortgage & How Do I Qualify?

Insured by various U.S. federal agencies, government-backed mortgages can help borrowers achieve home ownership through lower down payments and closing fees, flexible credit scores, and other advantages.

January 31 2023

Do FHA 203(k) Loans Require Mortgage Insurance?

Yes, FHA 203(k) loans require mortgage insurance. As the government agency backing this loan, the Federal Housing Administration expects all borrowers to pay two types of mortgage insurance premiums: Upfront and Annual.

The Pros & Cons of Getting a Rehab Mortgage with couple working on renovating home in background
November 23 2022

The Pros & Cons of Getting a Rehab Mortgage

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.

November 14 2022

Which Loans Are Best for First-Time Home Buyers?

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.

November 03 2022

Types of Government-Backed Home Loans

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.

October 17 2022

Can You Add Renovation Costs to Your Mortgage?

Yes, renovation costs can be added to specific rehab loans offered through the Federal Housing Administration (FHA), Fannie Mae, Freddie Mac, and more for borrowers meeting specific criteria regarding down payment amounts, project scopes, credit scores, and more.

May 13 2022

How Home Buyers Can Navigate the Spring Real Estate Market

It’s best to have all documentation, financials, commitment letters, and mortgage options prior to making an offer on a property in the current, record-breaking spring home-buying season led by bidding wars, pent-up demand, and decreased inventory.

happy family in living room
February 17 2022

Which Home Loan Is Best for Me?

When researching and comparing the best mortgages for your needs, there are several options, such as conventional, government-backed, jumbo loans, and more—all of with unique requirements, features, benefits, and cost-saving incentives.

black couple renovating home
April 17 2020

What Are The Best Home Improvement Loans?

Home equity loans, FHA 203(k), Fannie Mae HomeStyle™, and Freddie Mac Renovation Mortgage provide a financial assist when it’s time to renovate.

October 29 2018

What Does a 203(k) Loan Do?

FHA 203(k) loans help cover the costs of purchasing a home in need of work and renovating it. They also aid in refinancing and renovating a borrower’s current home.

March 09 2018

What Are 203(k) Loan Requirements?

203(k) loan requirements include: providing proof of income, living in the property full-time, and making certain renovations that cost at least $5,000.

July 25 2017

Where Can You Get a Home Renovation Loan?

You can get a home renovation loan through FHA-approved lenders that offer 203(k) loans, which could finance certain changes you want to make.

Couple joyfully signing mortgage documents
May 15 2017

How Do FHA 203(k) Loans Work?

FHA 203(k) loans help people fund home remodeling projects. This is a great option for those looking to buy a home that needs some work.

Man working on house with paint roller in hand
January 19 2017

Buying a Fixer Upper: Is it Right for You?

Buying a fixer upper has its advantages, but it is not for every. Ask yourself if you are willing to take on the work and spend the money.

Man signing documents in business attire
September 13 2016

The Renovation Loan Offered by FHA-Approved Lenders

There's a specific type of renovation loan, known as an FHA 203(k) loan, that can help home buyers pay for and repair their new property.

Couple sitting down after day of working on new home
August 05 2016

4 Reasons to Buy a Fixer-Upper

There are several reasons as to why buying a fixer-upper home is beneficial. For example, you'll be able to create your dream home.

Tools laying on hardwood - overhead shot
June 29 2016

6 Tips for Buying and Financing a Fixer-Upper

Buying a fixer upper isn't for everyone, but it has its benefits. Plus, there's a mortgage loan - 203(k) loan - that can help you finance the purchase.

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