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 loan rental property streamline refinance is available just like a primary residence refinance. That means a primary residence VA loan rate, no appraisal, and easier to qualify. When rates drop, see if a VA refi makes sense, even if a rental property
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.
These days, many buyers are looking for a home with a lot of land. Additionally, some buyers are looking to buy a horse farm for sale. What many don’t realize is that you can buy a horse farm with a VA loan! This is especially important for areas like Moore County NC which is horse […]
A very popular way to build wealth is through buying rental property. Although, significant funds may be required. Because of this, building a portfolio of rental properties could take a while. Yet, buying a multifamily home can be a beautiful thing and a quicker path to being the landlord. For instance, did you know that […]
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.
For quite a while, self employed business owners have struggled to qualify for a mortgage. But thanks to a bank statement mortgage, buying or refinancing a house is much easier. These alt doc loans do not require tax returns or even signing a 4506T request for transcripts of tax returns. One option includes qualifying with […]
If you have questions about VA home loans, we have the answers. Check out the top 20 VA loan FAQ's and the answers here. Topics include VA loan benefits for credit, building a home, refinancing, buying a home requirements, and more. Basically if you have a VA related question, we can supply the answer and hopefully a solution.
When a family member or close friend passes away and names you as an heir in their will, you may be one of several heirs. Often multiple heirs divide the inheritance. Resulting in an important decision. Sell the property, share ownership, or one heir buys out the others. So, a popular question is how to […]
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.
A growing senior population needs a little help with rising housing costs and mortgage qualification requirements. Often, social security alone is not enough to cover a house payment. So, more children find buying a home for parents is a great solution. Although, 20 – 25% down payment for buying as an investment property can be […]
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.
Buying or refinancing a home means there are closing costs. Obviously, an appraisal is a given since it must provide the property’s value. Although, sometimes an appraisal waiver is possible. Also known as the property inspection waiver, this allows a homeowner or buyer to save time and money by skipping the appraisal process. Usually, questions […]
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 […]
Buying a home for your parents or adult disabled child with 5% down payment. Get the benefits of a primary residence loan (low down payment and better rates) without having to live in the home!
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 […]