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
FHA Home Loan News, Tips & Information
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
5 Jumbo Loan Myths Busted
It’s relatively easy to get a general idea on what it takes to qualify for a conforming loan, a loan that conforms to Fannie Mae and Freddie Mac’s lending guidelines. Nearly two out of every three conforming mortgages issued today are of the Fannie and Freddie variety. Each conforming loan …Read More
Four Things to Avoid When Applying For Mortgage
Buying your very first home is a combination of a little excitement and anticipation. You can do all the research you want but until you get ready to take the leap and speak with your loan officer, you’ll soon discover there’s probably a bit more to it than just filling …Read More
New 2019 FHA Loan Limits
The Federal Housing Administration (FHA) announced today the maximum loan limits will increase in 2019. The loan limit in lower-cost areas will be $314,827, or about 65 percent of the national conforming loan limit of $484,350. In high-cost areas, the limit will be higher at $726,525. FHA-insured reverse mortgages will …Read More