One of the most flexible loan types for both first-time and repeat home buyers, FHA loans requires just 3.5% down and have lenient credit guidelines.
Home buyers pay an upfront mortgage insurance premium when they close on an FHA loan. This upfront fee — known as UFMIP or MIP — equals 1.75 percent of the […] Read More... Home Buying Buying a house with a boyfriend or girlfriend ...
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HIGHER FHA LOAN LIMIT AIMS TO EASE HOME BUYINGJERRY ZREMSKI
A common misconception is that FHA loans are just for when you’re buying a house for the first time. But you can qualify for one even if you own a home or have previously owned one. Several refinancing options If you ever decide to refinance your FHA loan down the line, you can look...
How much house can I afford? Am I going to take out a loan? How much do I have saved for a down payment? Can I afford my desired neighborhood? Are home values increasing or decreasing in the neighborhood? How long will my commute take? Is the school district a fit for my family?
Buying a house is more than a transaction — it’s a major milestone that can shape your finances for years. Knowing a few key steps to take before applying for a mortgage might be the difference between simply getting a home loan and securing a financial future that works best for you....
Two. Buying a house with a no down payment mortgage is only possible if you get one of the following loans from the federal government: the VA Loan or the USDA loan. It’s important to remember that these two loan programs are mortgage loan guarantees, not the actual loan itself. Both ...
Buying a house with no money down is possible but comes with restrictions and eligibility requirements. Learn more about your options in this article.
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