The housing market in California is overall strong in 2022. The median home price recently increased by 0.5 to set another new record high to $818,260. The new median sales price of existing single-family homes is 39.1 percent higher than the $588,000 recorded last year when the CA real estate …Read More
FHA Home Loan News, Tips & Information
Big Boost To FHA Home Buyers With Student Loans
Some great news was recently announced for home buyers that have student loans. FHA along with the Biden administration is easing FHA lending rules to give borrowers that have student loans a better chance of qualifying for a home loan. The Federal Housing Administration (FHA) announced changes to its student …Read More
Daytona Beach FHA Loan Limits and Requirements
The housing market in Daytona Beach remains strong with the median listing home price selling for $219K, up 26% year-over-year. First-time buyers make up a large percentage of homebuyers especially for properties selling for less than $250K. Today buyers can still purchase a home today with a very little down …Read More
Austin, Travis County Jumbo Loan Changes
Some new loan updates have recently come out for Austin home buyers that require Jumbo home financing. The new programs are allowing greater down payment flexibility, in some cases up to 95% financing. In this post we will look at all the latest changes and updates, homebuyers can learn more …Read More
USDA Still Offers 100% Home Financing South Carolina
USDA Rural Housing offers a great option for South Carolina First Time Home Buyers seeking 100% financing. Buyers don’t have many options today to purchase a home with NO money down. In fact, VA and USDA are the only government loan options that still allow buyers to purchase a home …Read More
Dallas Jumbo Home Loans With Min Down Payment
Financing a luxury home in Dallas usually meant coming up with a relatively large down payment. Some buyers don’t like to pull out such a large amount from their investment portfolio and tie up those funds in a real estate transaction. In Texas, mortgage loans that are greater than $647,200 …Read More
New 2022 FHA Loans Limits Announced
FHA has released the new 2022 loan limits for this year. Nearly all counties across the nation saw an increase as expected. This is great news for homebuyers utilizing FHA financing as now their borrowing potential is higher. For 2021, the FHA mortgage limits were set to $420,680 for 1-unit …Read More
Low Down Payment Mortgage Options North Carolina
Homebuyers purchasing a new home in North Carolina typically use the proceeds from the sale of their current home as part or all of their down payment. But if you are a first-time home buyer? In this case, you will need to think about your down payment and closing costs. …Read More
FHA Loan Interest Rates July 2020
FHA home loan interest rates for July 2020 are staying near all-time low levels. Many lenders and banks are offering 3.0% – 3.375% for a standard 30-year fixed FHA mortgage. This rate assumes no added discount points. Of course, borrowers always have the option to “buy down” their interest rate …Read More
Mortgage Payment Forbearance or Refinance – What is the better choice?
Since the recent outbreak of COVID-19 there has been a lot of talk about new mortgage forbearance programs. What exactly is mortgage loan forbearance and should you apply for this? Forbearance is not a forgiveness of your loan obligation, but more an extension of your loan term. Under the Federal …Read More