A HUD home is a home previously owned by an FHA borrower that went into foreclosure and is up for resale. Learn about how to find and buy one, and more.
Choosing Senior Living If you're considering moving into an assisted living community, it's important to do your research and understand what your options are. Read our checklist for advice on how to select the right facility for you.
How to get down payment assistance The order of steps to apply for down payment assistance will vary by program, but here’s what you can generally expect: Research your options. Use resources like Fannie Mae’s Down Payment Assistance Search tool to help you find out what you could be eli...
Temporary Residence Adaptation (TRA) grant. This type of grant caters to veterans and service members in temporary housing arrangements. Veterans need to qualify for either the SAH or SHA grant to apply for the TRA, which differs in that it doesn’t require the grant applicant to own the ho...
Loan application:After putting in your offer on a home, you’ll need to apply for financing. Our loan application can be completed over the phone or online to ensure accuracy. We’ll need some documentation, like the purchase agreement and proof of an earnest money deposit. At this point,...
How to buy a house with no money down Buying your dream home without an upfront down payment may seem impossible, but it’s a reality for many first-time home buyers. With the help of government-backed mortgages, first-time home buyer loans with zero down, and creative financing strategies...
4. Home equity loan A recenthome equity insights surveyby Bankrate found that 55% of current homeowners consider home improvements or repairs a good reason to tap into home equity. If you want to access your existing equity but don’t need revolving credit, you could apply for ahome equity ...
The company offers a tool on its website to find home buyer programs in your area. The online form requires you to provide contact information. » MORE: Try NerdWallet’s down payment calculator How to apply for mortgage down payment assistance Visit the website of the local government agenc...
The main advantage of a home equity loan, or second mortgage, is that all of the money is disbursed at the outset. Unsurprisingly, many borrowers who apply for a second mortgage have an immediate need for the entire balance. These loans are often used to pay for educational expenses, medi...
The act generally covers a wide range of housing; however, there are limited exceptions. It doesn't apply to owner-occupied buildings with no more than four units, single-family houses sold or rented directly by the owner without an agent, and housing operated by religious organizations or pri...