The Federal Housing Administration first introduced the FHA home loan program back in 1934. Prior to this time, there really were no universal lending guidelines banks could follow. Instead, banks could issue a loan to buy a home under most standards they deemed necessary. Down payment requirements for most loan …Read More
FHA Home Loan News, Tips & Information
Tips for First Time Homebuyers 2026
Are you gearing up to buy your very first home? We’re heading into home buying season and before long the next thing you know you’ll be living in your brand new home. Buying a home and getting a mortgage is a new adventure for many, so to make the process …Read More
2026 FHA Monthly Payment Calculator
Homebuyers want to be sure they use an accurate FHA mortgage payment calculator when figuring up monthly loan payments. Keep in mind many online mortgage payment calculators do NOT apply the applicable mortgage insurance, taxes, and insurance. Please note, each mortgage program has different monthly mortgage insurance (MIP, PMI) amounts. …Read More
2026 Government Loan Options
Pretty much all the Government-backed mortgages like FHA, USDA and VA require the same things when getting pre-approved. Here are several key points to think about when deciding to apply for a Government home loan. We also included a short description of the most popular 2026 Government Loan Options today. …Read More
VA IRRRL: Inside VA Streamline Refinance
If you’re eligible for the VA home loan program, you have access to perhaps the best mortgage for those who want to finance a purchase without any down payment along with restricted closing costs. Who qualifies? Veterans of the armed forces qualify as do active duty personnel with at least …Read More
FHA Mortgage Insurance Calculator 2026
We recently revised our FHA mortgage payment calculator on the right side of the page. This FHA mortgage payment calculator figures the principal, loan interest, taxes, home insurance, and FHA mortgage insurance “PMI” costs. Homebuyers will want to adjust the taxes and home insurance as needed, as each home will …Read More
5% Down Payment Jumbo Virginia
Good news for homebuyers purchasing luxury properties around Richmond, Arlington, Virginia Beach, etc, that exceed the standard conventional and FHA loan limits. 5% down payment jumbo loans are once again available through select lenders and banks in Virginia. Qualified buyers can now finance up to 95% LTV for loan amounts up to …Read More
Oklahoma Jumbo Financing Options
Recent data regarding median home values in Oklahoma City show an affordable $202,000 in 2026. This is about flat year over year. Throughout the greater metropolitan area, including Moore, Norman, Midwest City, and Edmond, the median value falls somewhat lower to $160,000. This is significantly higher compared to 10 years …Read More
Indiana First Time Buyer Program Recap
There are many mortgage options that allow Indiana homebuyers to purchase a home with little to NO down payment. Conventional mortgages have always required a 5% -20% down payment, which is fine for more seasoned home buyers, but out of reach for the average first-time buyers. Other options in today …Read More
5 Jumbo Loan Myths Busted
It’s relatively easy to get a general idea of 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