First-time buyers are the catalysts in nearly every real estate market, Jacksonville included. When someone buys their very first home, that allows the existing property owners to move up and buy their second or third home. Over time, as equity builds, current owners then use that accrued equity to move …Read More
FHA Home Loan Information
FHA Lender – Indian River, St. Lucie County
Homebuyers in Indian River & St. Lucie County may want to consider getting an Federal Housing Authority (FHA) backed loan to finance your home. FHA loans are also backed by the government, which makes them attractive to lenders who handle them. Consider this loan source if one or more of …Read More
FHA Loan Requirements for Austin, TX and Travis County
FHA loans were first introduced into the mortgage lending marketplace back in 1934 in an attempt to establish standard guidelines banks could follow that also came with a government-backed guarantee. Prior to this introduction, lending guidelines were essentially all over the map and many potential homeowners were left out of …Read More
Florida Government Mortgages: FHA Vs USDA
We often get the question of which government program would be better, FHA or USDA? A quick search on the internet will give you a general view of each program’s benefits. Most of them suggest the USDA loan would be the better choice, assuming you meet the two key eligibility …Read More
Financing Energy Efficient Improvements
Whether buying or refinancing, there are options that allow borrowers to make energy efficient upgrades with their homes. Whether it’s for a new HVAC system or something as simple as replacing inefficient windows with thermal ones, there are ways to leverage today’s mortgage rates and finance the costs of these …Read More
History of FHA Home Loans
Ever wondered how the Federal Housing Administration “FHA” was created? It really has quite a history and some could even claim it helped move the country out of the Great Depression. Back in 1934 the United States government created the National Housing Act of 1934 to help stop the wave …Read More
New FHA student loan change
NOTE: please see updated 2021 rules on student loans here. New FHA student loan changes coming: FHA announced some positive changes coming to the way student loan debt is calculated by lender and banks. The old FHA loan policy for student loan debt required mortgage companies to calculate a monthly payment …Read More
FHA Mortgage 101 for First-Time Home Buyer
Are you a first-time home buyer in Spring Hill Florida? Thinking of realizing the ‘American Dream’ of homeownership through mortgage? Then you might want to consider the FHA Loan. Let’s talk a little about the FHA Mortgage 101 for First-Time Home Buyers FHA loans are basically mortgages insured by the …Read More
FHA Home Loan Mortgage Payment Calculator
Please be sure to check into the FHA home loan calculator at the bottom right side of your screen. This will help you determine a real FHA mortgage payment with taxes, homeowners insurance and mortgage insurance included. Please note, this does not include any homeowners association dues/fees. The FHA mortgage …Read More
How to Prequalify for an FHA Loan in FL
When you decide it might be time to prequalify for an FHA loan, whether you live in Florida now or plan to move here soon, you might be wondering exactly how you go about that process. How exactly do you get prequalified for an FHA mortgage? Before you move much …Read More