First-time homebuyers only?: Yes, unless the property is located in a qualified census track or targeted area. Loan options: FHA 30-year fixed mortgage. Down payment and closing cost assistance: Down payment assistance of 6% of the purchase price. Next Home Income limits: Vary by county. ...
Bank of America is the best overall option for many existing homeowners and first-time homebuyers since they offer many fixed-rate, low-down-payment, and government-backed home loans. Doctor loans are also available for medical professionals with a high student loan balance. This lender doesn’t...
Detroit has an interesting contrast in lifestyles, with affluent areas lying outside in the metro areas and a poorer demographic dwelling in the inner city area. Live music, in particular blues music, is part of the vibrant night life that the city boasts. If you are looking to live in a...
Hard money lenders are often the last resort if you can’t qualify with a portfolio lender or if you renovate homes to resell quickly. These lenders are usually private companies or individuals with significant cash reserves. Hard money loans generally must be repaid in a few years, so they ...
If you don't take home a huge paycheck, Chase Bank's DreaMaker loan could be the low-down-payment mortgage for you. Borrowers who make up to 80% of the area median income can put as little as 3% down. Income requirements have been lifted in 15 metro areas— including New York City,...
Government backed loans, such as the FHA loan and the VA loan, are available to those who qualify. About Texas Many things about this large state seem larger than life. Texas is a state in the Southern United States and contains the second largest area of land and second largest population...
Lenders based in Tampa, like The Associates Home Loan, a leading hard money lender serving the entire Florida state, provide a variety of loan options and flexible terms to cater to the diverse needs of property owners in the area. Choosing the Right Hard Money Lender in Tampa To choose the...
Down payment minimum:3% for conventional loans, 3.5% for FHA loans Where to find:Branch locations and online Pros and cons Veterans United Home Loans Rating: 4.9 stars out of 5 4.9 Learn morein our Bankrate review Lender details Availability:All U.S. states ...
A loans are special property loans for people who have served in the armed forces as well as active duty service members. Some select family members of service members may also qualify. USDA Loans A USDA loan can help you buy a home in a rural or suburban area. Like an FHA loan, you...
Available to: First-time homebuyers or those who haven’t owned a principal residence in the previous three years. This requirement is waived for those purchasing in a targeted area. Income limits: vary by county. First-time homebuyers only?: No. Benefit: Eligible borrowers will get the lowe...