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ByGustan Cho
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The Best Mortgage Lenders After Bankruptcy: Your Path to Homeownership in 2024 Buying a home might feel like a far-off dream if you’ve recently gone through bankruptcy. But here’s the good news: bankruptcy doesn’t mean the end of homeownership. In fact, many lenders specialize in helping borrowers like you rebuild their financial footing and qualify…
ByGustan Cho
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Homebuyers do not need great credit and high credit scores to qualify for a mortgage. You can have outstanding collections and charged-off accounts and qualify for a mortgage as long
ByGustan Cho
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97 LTV Conventional Versus FHA Loans: Which One Is Right for You? If you’re like most first-time homebuyers, one of the biggest hurdles standing between you and your dream home is the down payment. With everyday costs like housing, groceries, gas, and family responsibilities, saving up for a house can feel impossible. Thankfully, low-down-payment loan…
ByAnngelli Abenes
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FHA Loans Chicago: Your 2024 Guide to Affordable Homeownership Buying a home in Chicago can be daunting, especially with rising property values and high living costs. However, FHA loans have made homeownership more accessible and affordable for thousands of Chicago residents. Whether you’re a first-time buyer or simply looking for a better way to finance…
ByGustan Cho
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Updated FHA Loan Requirements for 2024: What You Need to Know Are you considering an FHA loan to buy a home? FHA loans are popular because they’re one of the easiest types of mortgages to qualify for, especially if you’re a first-time buyer or have had credit issues. In this guide, we’ll review everything you…
ByMike Gracz
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Boarder Income Mortgage Guidelines for 2024: Boosting Your Income to Buy or Refinance a Home Are you wondering if the rent you collect from a roommate or boarder could help you qualify for a mortgage? With rising home prices, every bit of income can make a big difference. Let’s dive into how boarder income works…
ByAlex Carlucci
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FHA Streamline Refinance Illinois: A Fast, Easy Way to Lower Your Mortgage Payments in 2024 If you’re an Illinois homeowner with an FHA loan, chances are you’ve heard of FHA Streamline Refinance. It’s a fast and easy method to reduce your monthly payments. Given the current mortgage rates, it might save you a significant amount…
ByAlex Carlucci
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Home Affordable Refinance Program Extended: What Happened and Your Options in 2024 If you’re a homeowner who’s been keeping up with your mortgage despite your home being worth less than what you owe, you may have heard about the Home Affordable Refinance Program (HARP). At one point, it was a lifesaver for millions of underwater…
ByGustan Cho
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HARP With Second Mortgage: Can You Refinance with a Second Mortgage Through HARP in 2024? If you have a second mortgage and feel stuck with an underwater home, you may wonder if refinancing is possible. The good news is that you can refinance your home through the Home Affordable Refinance Program (HARP) even if you…
ByGustan Cho
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Mortgage Guidelines After Bankruptcy and Foreclosure in 2024 If you’ve been through bankruptcy or foreclosure, you might feel like owning a home again is out of reach. The good news? It’s not! It’s possible to secure a mortgage even after experiencing bankruptcy and foreclosure; we’re here to guide you through the process. With the correct…
ByGustan Cho
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Understanding HUD DTI Guidelines for FHA Loans in 2024: How to Qualify for a Purchase or Refinance When you’re considering buying a home or refinancing, one term you’ll often hear is the DTI—or Debt-to-Income Ratio. If you’re considering obtaining an FHA loan supported by the Federal Housing Administration (FHA) under the supervision of HUD (U.S….
ByGustan Cho
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FHA Guidelines on Medical Collections: Everything You Need to Know in 2024 Are medical collections standing in your dream of buying a home? Good news! FHA loans might be your best option to qualify for a mortgage—even if you have medical debt. In this blog post, we’ll walk you through the updated FHA guidelines on…
ByGustan Cho
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How to Get a Mortgage During or After Chapter 11 Bankruptcy (2024 Updates) If you’re recovering from Chapter 11 Bankruptcy, you might feel unsure about your chances of buying or refinancing a home. But the good news is, you can still qualify for a mortgage, whether you’re in the middle of the repayment plan or…
ByGustan Cho
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Mortgage Guidelines with Unpaid Taxes: Qualifying for a Home Loan in 2024 Are you worried about unpaid taxes standing in the way of your dream home? The good news is that you can still qualify for a mortgage—even if you owe money to the IRS. However, the rules for mortgage guidelines with unpaid taxes depend…
ByGustan Cho
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FHA Chapter 13 Bankruptcy Guidelines allow homebuyers and homeowners to qualify for FHA loans for home purchases and refinance during and after Chapter 13 Bankruptcy. FHA and VA loans are the only two loan programs allowing borrowers to qualify for a mortgage during the Chapter 13 Bankruptcy repayment plan. Dustin Dumestre, a senior loan officer…
ByAnngelli Abenes
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Understanding HUD Credit Score Guidelines in 2024 Are you dreaming of buying your first home but worried about your credit score? Or you’re considering refinancing but unsure if your credit history will hold you back. The Department of Housing and Urban Development, or HUD, has very flexible guidelines for FHA loans, which makes it easier…
ByAnngelli Abenes
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Unlock Your Dream Home with Just $100 Down: How the HUD $100 Down Payment Program Can Make Homeownership a Reality in 2024 If you’ve been dreaming of owning a home but need a hefty down payment, think again! The HUD $100 Down Payment Program is a game-changer, making purchasing a home with just $100 down…
ByAnngelli Abenes
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HUD Announces Tightening of Credit Requirements on FHA Loans: What It Means for You in 2024 If you’re thinking about buying a home with an FHA loan or refinancing your current mortgage, there’s some important news you need to know. The U.S. Department of Housing and Urban Development (HUD), which oversees FHA loans, has implemented…
ByAnngelli Abenes
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FHA Loan After Bankruptcy in California: Your Path to Homeownership in 2024 If you’ve been through bankruptcy, you might feel like homeownership is out of reach. But here’s the good news: getting an FHA loan after bankruptcy in California is not only possible, but it could also be the fresh start you’re looking for. In…
ByAnngelli Abenes
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FHA Appraisals Versus Home Inspections: Why You Need Both to Make a Smart Home Purchase in 2024 When buying a home with an FHA loan, two key steps can make or break your experience: the FHA appraisal and the home inspection. But what’s the difference between them, and why do you need both? Whether you’re…
ByAnngelli Abenes
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FHA mortgage guidelines have strict rules for calculating borrower’s wages. This article explains the different types of income and the income documents needed for an FHA mortgage.
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