First time home buyers look for every possible break when buying a home. These areas include lower interest rates, less closing costs, reduced monthly payment, and down payment assistance. Also, there is a little known tool which helps a first time home buyer or military Veteran more easily qualify for a mortgage as well as […]
USDA income limits 2020 increase allows more home buyers purchase a home with no down payment. Effective May 2020 through April 30, 2021, USDA guaranteed housing base income limits are as follows: $90,300 for 1 – 4 person households and a whopping $119,200 for 5 or more person households. Guys, that is not low income! […]
VA loans already offer a no money down payment purchase loan. But, what if we add Veteran down payment assistance of $7,500 – $10,000? Even though VA loans may allow no down payment, there are many uses for this Veterans mortgage assistance. Plus, it is available for buyers currently serving or has served in any […]
VA seller paid closing costs and VA loan seller concession rules allow a seller to pay all of the buyer's closing costs, plus pay buyer's debt, lease buyout, or even send the buyer on a cruise. Check out how VA closing costs work and how to finance them
VA eligible buyers and owners realize that manufactured homes offer more affordable home prices compared to other homes. Therefore, using a VA loan for a no money down purchase, cash out refinance, or interest rate reduction provides many advantages when it comes to manufactured home buyers and owners.
Let us show how to buy a house with the payment you want. Basically, this starts with reversing the buyer's thought process from find the home first and then get the mortgage next. Therefore, we explain the biggest factors that affects the mortgage. Ending spoiler alert - It is not just the rate!
During tax season, low to middle income families have more money than any other time of the year. Therefore, tax season is the best time to buy a house. So, let's show you how to use your tax refund to buy a home. Not only can a tax refund be used as down payment, but it may also help a buyer actually qualify.
How to buy a house with student loans deferred or income based repayment. Check out these low and no down payment mortgages which make buying a home much easier.
The new 2020 conforming loan limits enhances many borrower programs and even helps sellers! Here is a top list for how this increase helps Fannie, Freddie, and more programs.
Learn how using gift funds can be used as a down payment to buy a home. Plus, see other home buying strategies like buying from family with no money down, avoiding PMI, covering closing costs, and more. Finally, we share gift funds requirements.
Probably the biggest perceived hurdle to homeownership is lack of down payment. Although, buying a home with little to no money down is easier than you think. In addition to no down payment loans like VA loans and USDA loans, down payment assistance saves the day. One down payment assistance source we provide is the […]
Commission income comes with the ability to make more income. Yet, this form of income usually comes with fluctuating ups and downs. Which is why mortgage loan guidelines want to see a history. Usually a minimum 2 year history for commission or bonus income. Even though many lenders require two years, we follow the FHA […]
Use these easy to understand USDA eligibility map instructions to find your new home
Rising home prices make it tougher for buyers to find affordable housing. Although, manufactured homes provide a lower price option for today’s buyer. Fortunately, there are several manufactured home loans available for buyers and homeowners. But to obtain financing, a manufactured home foundation inspection must be performed. Why? Because lending agencies want to ensure the […]
Today, many first time home buyers feel their student loan debt and lack of down payment prevents the chance of home ownership. But, breaking news effective September 23, 2019 is that USDA student loan guidelines have finally changed! Meaning it is easier for buyers to qualify with student loan debt! Before, USDA debt to income […]
Although FHA guidelines became a little more strict in 2019, an FHA loan is still one of the best ways to buy a home. Not only do FHA loans provide a low down payment, they also offer very flexible underwriting guidelines. Several popular FHA loan guidelines which can save a home purchase include… Qualifying with […]
For most people, this is not a popular topic. But, for ministers and pastors looking to build, refinance, or buy a home, it sure is. First of all, pastoral income can vary widely. Furthermore, many lenders do not understand how to count clergy housing allowance as income. Therefore, finding a mortgage lender who understands clergy […]
Did you know that Veterans probably have the best loan available for buying a home? But, when it comes to building a home, VA loans do not seem to be mentioned as an option. So, finding someone who can combine VA loan benefits like borrowing up to 100% of appraised value along with a construction […]
High moisture content can cause serious damage to a home and it constantly creeps into a home’s crawl space. High humidity is especially prevalent in coastal areas including here locally in Southeastern NC. Basically, if one lives in coastal NC or SC, crawl space moisture is a dangerous enemy to their home. Plus, it is […]
If You’re a First Time Home Buyer SC Wants You! There are many reasons to purchase a home in South Carolina – the beautiful and relaxing beaches and coastal cities; the many thriving and expanding businesses and employers; the wonderfully mild year-round climate, and so much more. But did you know there are also mortgage […]
So, you have decided to buy a home and started checking into a mortgage. One of the options provided is an FHA loan with minimal down payment and it can even be a gift. The rate looks good and it is a fixed rate too. The lender has even included the property taxes and homeowner’s […]