Federal Housing Administration (FHA) loans have been helping people purchase homes since 1934. These loans are designed to help first-time homebuyers and those with less-than-ideal finances purchase their primary residence. In addition to having relaxed eligibility requirements, FHA loans also offer competitive rates and low minimum down payments.
As a first-time homebuyer, the process of buying a home can be thrilling — but also confusing and difficult at points. Luckily, specific mortgage products, such as the FHA loan, are designed with first-time homebuyers in mind.
Have you recently asked yourself, “Am I ready to buy a house?” If so, you certainly aren’t alone. Learn the 8 steps to decide if you're ready to be a homeowner
Understanding what a VA loan is, who is eligible and how they work is important in the homebuying process.
VA loans provide a huge benefit to active duty military and Veterans. They are designed to help military members become homeowners, despite the unique challenges that come with deployment, income, or other hurdles.
A VA home loan is a great option if you qualify. They come with attractive benefits like no down payment and no monthly mortgage insurance. Like any mortgage product, VA loans come with closing and settlement costs.
Knowing the pros and cons of the VA loan can help you make the right decision in which loan option is best for you.
