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ByAlex Carlucci
Posted on
You might think owning a home in Michigan is out of reach if you have bad credit, a low down payment, or have faced recent financial setbacks. But what if I told you that these challenges could actually be the key to unlocking the door to your new home? FHA loans are designed specifically for…
ByAnngelli Abenes
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If you are thinking about buying a home or refinancing your current mortgage, you may have heard about FHA loans. FHA loans are very popular mortgage options, especially for first-time homebuyers. But there’s one thing that can trip you up during the process: FHA lender overlays. In this guide, we’ll break down what FHA lender…
ByAnngelli Abenes
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Dreaming of turning that fixer-upper into your dream home but worried your credit score isn’t up to par? You’re not alone. Many homebuyers are in the same boat, wondering if they can secure an FHA 203k loan with under 600 credit scores. The good news? It’s possible, and we’re here to guide you every step…
ByAnngelli Abenes
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Building your dream home might seem daunting due to complexities and costs, but what if the process was more straightforward and affordable than you think? Your dream home is within reach with the FHA New Construction loan program! This manual will guide you through all the details regarding FHA new construction loans in 2024, from…
ByAnngelli Abenes
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When planning to buy a house using an FHA loan, it’s common to focus a lot on how much cash you need upfront for the down payment, which is 3.5% of the house’s price. But there’s another important thing you need to think about—closing costs. Closing costs are extra fees you have to pay when…
ByAnngelli Abenes
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Mississippi homebuyers, have you ever dreamed of a fixer-upper that you can turn into the perfect home but worried about the costs? The solution is simpler than you think: the FHA 203k Rehab Loan. Whether you’re buying a house that needs a little TLC or a complete overhaul, this loan program can help you finance…
ByAnngelli Abenes
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For first-time homebuyers in Pennsylvania, homeownership has become more straightforward and achievable. A wide variety of financing options are available, significantly easing the financial burden often associated with buying a home. While the upfront costs of purchasing a house might seem daunting, the security of holding a mortgage makes it both affordable and feasible over…
ByAnngelli Abenes
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In this detailed guide, we’re going to dive into everything you need to know about getting an FHA loan in Montana, especially if you’re looking for a way to buy a home with a small down payment, minimal to no closing costs, even if your credit isn’t perfect, your credit score’s on the lower side,…
ByAnngelli Abenes
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Struggling with student loan debt can often feel like attempting to run a marathon with a heavy backpack, particularly when you want to purchase your own home. Adding car payments on top of student loans makes your budget tight, and it all plays a big part in calculating your mortgage debt-to-income (DTI) ratio. This ratio…
ByAnngelli Abenes
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Government and conventional loans require a mandatory waiting period after bankruptcy. Non-QM loans one day out of bankruptcy does not have waiting period requirements. However, a 30% down payment is required.
ByAnngelli Abenes
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When you’re looking at buying a fixer-upper, you might come across the term 203k mortgage loans. If you want to buy a home that needs some TLC, the Federal Housing Administration offers great options. In this updated guide, we’ll break down the types of 203k mortgage loans. We will explain their benefits. And we will…
ByAnngelli Abenes
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Today, our blog post will explore the FHA Chapter 13 Manual Underwriting Guidelines in detail. If you’re in the middle of a Chapter 13 bankruptcy or have been out of one for less than two years, this is for you. We want to make sure you’re armed with the most up-to-date and understandable information out…
ByAnngelli Abenes
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If you are considering qualifying for FHA loan after short sale, know you’re not alone. Many people find themselves in your shoes, wondering if there’s a way to bounce back and secure an FHA loan. The encouraging news is that getting approved for an FHA loan after a short sale is achievable. However, there are…
ByAnngelli Abenes
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If you’re a homebuyer in Kentucky looking to buy and fix up a property, FHA 203k loans could be your best option. These loans are perfect for buying fixer-uppers and turning them into your dream home. In this article, we’ll cover everything you need to know about FHA 203k loans in Kentucky. We will include…
ByChad Bush
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This guide guide covers how home prices are increasing despite higher mortgage rates. All indicators point to a housing bubble. The real estate boom we have experienced since 2019 is like no other housing explosing since the housing market peaked in 2005-06. HUD and the FHFA have increased loan limits for eight years in a…
ByChad Bush
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This article will discuss the California Housing Market Forecast for homebuyers of primary owner-occupant homes, second homes, investment homes, and commercial properties. California is the third-largest state in the United States. The state has the largest population of any state. With a population of 39.5 million, the area comprises 163,696 square miles (423,970 km2). Los…
ByAnngelli Abenes
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Kentucky is becoming popular for people looking for affordable housing and a lower cost of living. Kentucky offers a more budget-friendly lifestyle compared to high-tax states like New York and Illinois. With low taxes and strong job opportunities, many residents from expensive states are moving to Kentucky for these benefits. Even though home prices in…
ByAnngelli Abenes
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Buying a house is a big deal, and there’s a lot you need to check to make sure you’re making a smart choice. One important thing to look at is septic inspections on home purchases. This is especially important if the house has its own system for dealing with wastewater. This guide is here to…
ByAnngelli Abenes
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Borrowers who have credit scores under 620 FICO need a lower debt to income ratio to get an approve/eligible per automated underwriting system.
ByMike Gracz
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Exciting updates about the latest 2024 info on FHA loans in Louisiana! If you dream of owning a home here but worry about your credit score, this is for you! With its vibrant culture, budget-friendly homes, and warm weather, Louisiana welcomes loads of new folks each year. It’s a wonderful place to live. So, if…
ByGustan Cho
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This guide covers FHA continuation income requirements on second job and other income. FHA continuation income requirements state borrower’s income will likely to continue for at least three years. FHA have specific employment and income requirements and guidelines. Borrowers can have employment gaps and qualify for FHA loans. Can have part time jobs and use…
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