Realty Biz
MARCH 16, 2023
If qualifying for a conventional loan is difficult, and you aren't eligible for VA or USDA loans, an FHA loan could be the answer. FHA loans allow you to pay 3.5% But there are also downsides to FHA-insured loans. So is this type of loan right for you? What are FHA Loans?
Realty Biz
DECEMBER 29, 2021
Among the many mortgage options buyers have, the FHA loan is one of the most popular. Read on for a complete rundown of what an FHA loan is, how you qualify for one, and how an FHA loan compares to a conventional home loan. What Is an FHA loan? An FHA loan can be for up to 96.5%
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Housing Wire
SEPTEMBER 22, 2023
With the majority of Fed officials expecting another rate hike by year-end, Duncan predicts a 50/50 chance of that happening, depending on how resilient the economy is against the Fed’s monetary policy. However, a silver lining in the subdued housing market is the strength in new-home sales. We don’t know what third-quarter growth was.
Realty Biz
APRIL 5, 2022
One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. Mortgage Options During Chapter 13 Bankruptcy.
Point2Homes
JANUARY 25, 2021
However, it’s important to know exactly what applying for an FHA mortgage entails. How Does an FHA Mortgage Work? An FHA mortgage is a loan backed by the Federal Housing Administration, provided through an FHA-approved lender. Let’s take a closer look at whether an FHA loan is the right choice for you.
Rent, Buy & Sell
FEBRUARY 7, 2021
Great credit allows people to get the best interest rates on various types of loans. Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. These loans are backed by the Federal Housing Administration and only require a minimum credit score of 500. What is a Bad Credit Score?
Realty Biz
SEPTEMBER 30, 2023
Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements. Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance.
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