Investing in real estate is back. In fact, a lot of real estate investors have made quite a bit of money scooping up properties at pennies on the dollar at real estate auctions and foreclosure sales. Many of those bargains are long gone but investing in real estate has not. …Read More
FHA Home Loan News, Tips & Information
2020 First Time Buyer Programs Florida
Mortgage interest rates have remained near all-time low levels and have continued to make home-buying more affordable. More Florida first time buyers are seeing the advantages of buying a home and building equity versus renting. In this post below we look at the most popular 2020 first time buyer programs …Read More
2020 FHA Loan Limits Announced – Increase For Most
Some good news from the Federal Housing Administration (FHA) today as they announced the new 2020 FHA loan limits. Most of the nation will see an increase, according to a new letter from HUD. FHA calculated 2020’s forward mortgage limits based on the median home prices in accordance with the …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
Atlanta FHA Loans For First Time Buyers
Atlanta remains a very healthy real estate market, with properties of all price ranges from starter homes to high-end luxury estates. Atlanta proper has a population of around 500,000 yet when you include the surrounding areas, it’s over to 1.5 million. The relatively low median home values also mean it’s …Read More
Orlando FHA Loan Details and Benefits
FHA loans are perhaps the most popular mortgage choice for buyers in Orlando and the surrounding counties. In this post, we will discuss the Orlando FHA loan details and benefits that home buyers should know. The Federal Housing Administration introduced the FHA loan program in 1934 in order to bring …Read More
Jacksonville First Time Buyer Loan Programs Explained
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 Loan Guidelines Self Employed Buyers
Home buyers are required to provide proof of employment as well as income to qualify for any conventional or government-backed (FHA) mortgage today. This is accomplished in two different ways, with paycheck stubs and W2s and the lender sending a Verification of Employment, or VOE form, to the individual’s employer. …Read More
Can a Co-Borrower Help You Qualify For Mortgage?
Sometimes you just need a little help. When thinking about buying a home, you want to make sure you can afford the new monthly payments. To do this, you need to speak with a mortgage loan officer. With just a brief conversation over the phone, you can get an update …Read More
What First Time Buyers Can Expect At Closing
When first time home buyers sign their very first sales contract, they’ll soon discover the process moves rather quickly. There are multiple people involved all providing various services and documents all in time to meet the closing date. For anyone experiencing something for the first time, it’s definitely a learning …Read More