Taking advantage of lower interest rates on your FHA home loan is an attractive option to many. The FHA streamline refinance program makes it easy for homeowners to do so. We’ll cover the basics of the FHA streamline refinance program and go over common questions that borrowers may have.
Buying a new home is exciting, but applying for a mortgage can feel daunting. This is especially true for new buyers who are experiencing the home loan process for the first time.
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.
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.
Knowing the pros and cons of the VA loan can help you make the right decision in which loan option is best for you.
