As a first-time homebuyer, you can come completely overwhelmed at the choices you have. Do you want a single-family home or condo? Do you want to live in the city, suburbs, or a rural area? Do you want a home that’s ready to move into or one that needs some fixing up?Get Matched with a Lender, Read more
Mortgage Loans for Purchasing and Renovating a Fixer-Upper
If you’ve fallen in love with a fixer-upper, you may find that it’s difficult to find financing. Your standard conventional loans or even government-backed loans won’t touch it. The home must be able to pass an appraisal to get this type of financing. So what type of loan can you get that will allow Read more
Getting an FHA 203K Refinance Loan for Home Repair
Making changes to your home costs money. Many people assume they need a home equity loan in order to afford the changes. While this loan type does give you the cash necessary to make changes, there is another loan option – the FHA 203K Refinance Loan. You do not have to have an FHA loan currently in Read more
FHA 203(b) vs 203(k) Loans, Which Is the Purchase Mortgage for You?
The Section 203(b) and 203(k) lead the FHA’s portfolio of insured home loans. Section 203(b) is the purchase mortgage most commonly used by consumers while Section 203(k) is used for buying and rehabilitating a home. Which between the two FHA-backed purchase mortgages is most applicable to Read more
Look: 3 Government Refinance Loans Worth Checking Out
There are a handful of refinance programs available for government-backed loans. FHA streamline refinance aside, these government refinance loans are understandably specific, catering to veterans, rural homeowners and those with fixer-uppers.If you are a homeowner with an existing VA, USDA or Read more
