Tagged: FHA loan

8 Types of Home Loans Available for Homebuyers

Many people mistakenly believe they can’t afford to buy a home because they don’t really know what their options are. Fortunately, home loans are not one-size-fits-all. There are a variety of different mortgages available to…

The post 8 Types of Home Loans Available for Homebuyers appeared first on Crediful.

What’s the Best Mortgage for First Time Buyers?

If you’re new to real estate, or preparing to make an offer on your first home, you might be wondering what mortgage is best for a novice home buyer. While both seasoned homeowners and first-time buyers may wind up with the same exact home loan, there are additional options to consider if you’ve never bought [&hellip

The post What’s the Best Mortgage for First Time Buyers? first appeared on The Truth About Mortgage.

2021 Conforming Loan Limit Rises to $548,250

Thanks to another year of stellar home price appreciation, the 2021 conforming loan limit will increase to $548,250, per the Federal Housing Finance Agency (FHFA). This is the maximum loan amount for mortgages that can be acquired by Fannie Mae or Freddie Mac, known as conforming mortgages. The figure is up from $510,400 for mortgages [&hellip

The post 2021 Conforming Loan Limit Rises to 8,250 first appeared on The Truth About Mortgage.

How This 34 Year Old Owns 7 Rental Homes

My monthly Extraordinary Lives series is something that I’m really loving, and I’m back with another great interview. First up was JP Livingston, who retired with a net worth over $2,000,000 at the age of 28. Today’s interview is with Paula Pant, a 34-year-old who owns seven rental homes, which last year grossed $125,000 and netted […]

The post How This 34 Year Old Owns 7 Rental Homes appeared first on Making Sense Of Cents.

Should You Get an FHA or Conventional Loan?

A Federal Housing Administration (FHA) loan or FHA loan is insured by the federal government. First-time home buyers and those with lower credit scores and lower down payments are more likely to qualify for an FHA loan. A conventional loan isn’t insured by the government. It’s instead backed by a private mortgage lender and the… Read More

The post Should You Get an FHA or Conventional Loan? appeared first on Credit.com.

First-Time Homebuyer Grants and Programs for 2021

If you’re tired of renting it may be time to purchase your first home. Being a first-time homebuyer is nerve-wracking but many of the myths about buying a home just aren’t true. You don’t need…

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VA Loan Myths

Because of their complexity relative to other mortgage programs, VA loans are the subject of plenty of different myths. Some of these myths are based on truths, but what you […]