8 Steps of the VA Home Loan Process
The U.S. Department of Veterans Affairs offers financial assistance and benefits to active-duty military, Reserve members and retired military veterans, including affordable home loans. There are many VA mortgage loan steps, and it can typically take a couple of months from receiving an official Certificate of Eligibility to sitting at the closing table. Follow these […]
Read MoreUSDA Home Loan Process: Step by Step
The United States Department of Agriculture helps those who otherwise wouldn’t qualify for home financing to become homeowners. The USDA’s single-family housing guaranteed loan program benefits low- or moderate-income homebuyers in rural areas. The USDA backs these loans to promote economic development in places with smaller populations. Homeownership helps stabilize the local economy and community […]
Read MoreThe FHA Home Loan Process: Step by Step
FHA Home Loan Process Timeline For many homebuyers, the biggest concern is whether or not they can afford the home of their dreams. An FHA loan may be the right loan for you, allowing you to purchase your dream home without the expense of a significant down payment. Purchasing a home is both a […]
Read MoreHow to Get a Home Loan With No Down Payment
Finding a mortgage with a low down payment or no money down can make the home-buying experience much more enjoyable. If you want to buy a house with no money down, you can apply for particular loans that do not require a down payment. Low down payment alternatives are also prevalent. What Is a No-Down-Payment […]
Read More10 First-Time Homebuyer Mistakes and How to Avoid Them
10 First-Time Homebuyer Mistakes and How to Avoid Them Are you buying a home for the first time and stressed out about the entire process? Fear not. You are not alone. Many first-time homebuyers face challenges that cost them money or lead to a disappointing purchase. The jargon can be difficult to navigate, the financials, and […]
Read MoreMaking the Tough Choice: Rent vs Buy
Coffee or tea? Baroque or renaissance? Android or iOS? These eternal questions never go out of style. Neither does the “rent vs buy” dilemma. Almost 65% of Americans own a home. However, the rest wonder if the dream property is out of their reach. Let’s look into key factors, which could affect your decision. Evaluate Your […]
Read MoreWhat Is a Manufactured Home?
The term manufactured home, although not a new term, still causes confusion among home buyers. The first thing to note is that a manufactured home is not a mobile home. However, they do share the same history. Prior to 1976, mobile homes were built as the solution to a shortage in site-built housing. High demand called […]
Read MoreWeighing the Pros & Cons of Buying Manufactured Homes
Everyone wants to be a homeowner, but not everyone is ideally positioned to purchase a traditional residence. As a viable and affordable alternative, many wannabe homeowners investigate and purchase manufactured homes, finding it the perfect way to get their foot in the door of their own home. How Manufactured Homes Differ From Mobile or Modular […]
Read MoreWhat Is the Difference Between a Manufactured Home and a Mobile Home?
Looking for a new home is an emotional roller coaster. One moment you’re excited. Then, there’s confusion. This is especially the case when searching online for manufactured homes. Unfortunately, there is widespread confusion about what a “manufactured home” is and if it is the same as a “mobile home”. This confusion is a result of […]
Read MoreGuide to Home Loan Lingo
Guide to Home Loan Lingo Whether you’re a first-time homebuyer or a seasoned home buyer, understanding mortgages is an undertaking of its own. Loan language can sound foreign when you’re first dealing with it. Both loan officers and real estate agents will use loan lingo to help guide you through the process. To get to […]
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