The FHA appraisal can be nerve-wracking, but understanding FHA minimum property standards can help you predict if a home will pass. While buyers can't replicate the appraiser's role, there are red flags to watch for during your home search that can help avoid potential appraisal setbacks.
USDA loans may be confusing to new borrowers looking to purchase a home. Read more to find out if you are eligible for a USDA loan.
A USDA loan is one of the best options for refinancing your home purchase. This zero-down mortgage is backed by the USDA and provides affordable financing to families in rural areas. The process for a USDA loan is fairly simple and comparable to other loan types.
USDA loans are appealing to homebuyers who don't have the money saved for a down payment. There are many other reasons why this loan type is so popular. It's often easier to qualify for a USDA loan because of flexible credit requirements and lower interest rates can save you tons of money in the long-run. However, USDA loans are not right for every homebuyer.
If you're in the market for a new home, you're probably also in need of a mortgage. There are so many types of home loans, it can be hard to know where to start. Fixed-rate or variable rate? Conventional or not? What on earth is a jumbo loan?
When you’re ready to purchase a home, it’s easy to get stuck when it comes to deciding the right mortgage for your needs. With so many options out there, it’s hard to tell which is the best one for you.
If you are a first-time homebuyer or have a lower income, you may wonder what programs are available to help you achieve homeownership. Fortunately, agencies like Freddie Mac and Fannie Mae have developed programs specifically for this purpose.
For many years, first-time homebuyers and other borrowers have turned to Federal Housing Administration (FHA) loans to finance their home purchases. There are many reasons why these government-backed loans are so popular. It's often easier to qualify for an FHA loan than a conventional loan, and the down payment requirements are typically significantly lower.
