Millennials have officially taken over as the driving economic force today. As more and more baby boomers face retirement and are no longer in the workforce it’s the millennial who will wield the purchasing power. This age group ranging from 18 to 34 or so which also means their buying …Read More
FHA Home Loan News, Tips & Information
95% Jumbo Home Financing Las Vegas
95% Jumbo loans are back in Las Vegas. This is great for home buyers who need to borrow more than the conventional or FHA loan limits permit and have a limited down payment. The current 2024 conventional loan limit in Nevada is $766,550. FHA is capped at $498,257 in Clark …Read More
VA Jumbo Loans For High Cost Homes
VA has permitted Jumbo-size home loans for quite a while now. However, many Veterans are still unaware of the program requirements and benefits. This program is available to approved Vets nationwide, not just exclusive high-cost locations in Florida, Texas or California. If you are a Veteran with sufficient entitlement, it’s …Read More
Gainesville, Ocala FHA Mortgage Loan Application
Florida first-time homebuyers in Gainesville and Ocala often ask about the FHA loan application process, and what to expect. Below we have outlined some useful information that details each step of the application process. Buyers should be aware of what is needed before applying for an FHA mortgage, as well …Read More
5% Down Jumbo Loan California
The housing market in California has remained strong as we start 2024. The median home price according to Zillow for the state is currently $746,900. This represents a slight increase year over year. Of course California has many higher-priced properties that require Jumbo financing. Jumbo loans are defined as mortgages …Read More
FHA Home Loans Naples, Background and Credit Qualifying
The FHA mortgage program was created way back in 1934, Back then, lending guidelines were far from universal and many banks would require 30%+ percent or more for a down payment. Buyers also had to have a standing relationship with the bank. Mortgages years ago would be for a relatively …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
Ohio FHA Loans: A Great Opportunity for Homebuyers
Are you planning to buy a home in Ohio but struggling with the down payment? FHA loans can help eliminate the need for a large down payment. According to the 2024 FHA mortgage limits, the maximum loan amount for a single-family home in most counties in Ohio is $498,257 for …Read More
Orlando FHA Loan Standards
FHA home loans are a wonderful choice for first-time home buyers in Orlando Florida. The Florida FHA mortgage program provides several benefits for homeowners who are considering purchasing their first home but have limited down payment. Compared to most traditional mortgage loans, the FHA mortgage loan facilitates the process for …Read More
FHA Down Payment Assistance Loans: Unlock The Benefits
FHA loans remain the most popular mortgage option for first-time home buyers in 2023. Offering lower down payments and flexible credit score requirements makes them especially appealing to first-time homeowners. New FHA Down Payment Assistance programs have recently emerged to provide even more assistance to homebuyers. Let’s take a closer …Read More