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Forever Home: A First-Timers Guide to Understanding Home Loans

C4D Crew

This article will explain five loan programs for first-time buyers. Federal Housing Administration Loan. First-time homebuyers and those with no or low credit may be eligible for a loan that is guaranteed by the Federal Housing Administration (FHA). For example, the property must be inspected and meet certain standards.

Loans 52
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What Does Clear to Close Mean, And How Much Longer Before I’m a Homeowner?

HomeLight

Bankruptcy documents. This, of course, depends on a few variables, such as getting preapproved for a mortgage, or whether you’re taking out an FHA or a VA loan, which may take a bit longer. (We Any and all conditions and contingencies of the loan. Order a home inspection and appraisal. Underwriter reviews the loan.

Closing 79
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Selling a House ‘As Is’ in North Carolina

HomeLight

Schaus does business in the area of Fort Bragg, which means that Department of Veterans Affairs home loans ( VA loans ) are used very often by buyers. Consider a pre-listing inspection. Schaus does warn that there can be a downside to these pre-inspections, as well.

As-is 89
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21 Dos and Don’ts When Buying a Home

HomeLight

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. When shopping for lenders, compare first-time home buyer programs , lender requirements, interest rates, and loan terms to make sure you are getting a good deal. Get a property inspection.