This article covers Using FHA Loans For Self-Employed Borrowers For Home Purchase. Using FHA Loans For Self-Employed Borrowers on a home purchase is very popular because of the high debt to income ratio caps. FHA loans allow up to a maximum of a 46.9% front end and 56.9% back end DTI cap to get an […]
This Article Is About Buying A Home With Dogs And Other Pets For Homebuyers Americans love their dogs and other pets. Buying A Home With Dogs And Other Pets are the majority of homebuyers. 70% of homebuyers own a dog or cat or both. That translates into 85 million families who own a dog or […]
This Article Is About Steps In Buying A House And Getting Qualified For A Mortgage Buying a home can be one of the most exciting times in your life, but can also be a very stressful process. A home purchase is one’s biggest investment in a person’s lifetime. A Home Purchase is one of the […]
This ARTICLE Is About The Types Of Homes Eligible With Residential Mortgage Loans Government loans are for owner occupant one to four-unit homes only. You cannot qualify for second home loans with government loans. Types Of Homes Eligible With Residential Mortgage Loans are one to four-unit residentially zoned properties. There are two types of conforming […]
This Article Is About Gift Funds Versus Own Seasoned Funds For Down Payment HUD allows down payments and closing costs on a home purchase to be 100% gifted by a family member and/or relative. There are strict FHA guidelines regarding gift funds versus own seasoned funds. Gift Funds Versus Own Seasoned Funds are not viewed […]
This article covers Buying A House With Government Or Conventional loans 2021 is now here and many people have set a New Year’s Resolution and Goal that 2021 will be the year that they will be buying a house. The American Dream Of Home Ownership can become a reality for every hard-working American. Many people do […]
This Article Is About Conforming Down Payment Guidelines For Home Buyers Conventional Loans are called conforming loans because they need to conform to Fannie Mae and/or Freddie Mac Guidelines. Conforming Loans are not government loans. The Federal Housing Finance Agency (FHFA) regulates Fannie Mae and Freddie Mac. Why do conforming loans need to conform to […]
This Article Is About Understanding The Down Payment And Closing Costs On Home Purchase There are two hard costs when buying a home. The down payment and closing costs. Understanding The Down Payment And Closing Costs on home purchases are important. One of the most common first-time homebuyer questions is how much money do I […]
This Article Is About Two FHA Loans Due To Expanding Family Size At The Same Time In general, only one FHA loan is allowed per person with a family. There are instances where you can keep your home with an FHA loan and get a second FHA loan on a new home purchase. More than […]
This Article Is About How To Negotiate A Home Purchase Prior To Signing Contract How To Negotiate A Home Purchase prior to signing a contract is important so homebuyers get the best deal possible under the circumstances. There are ways How To Negotiate A Home Purchase. Homebuyers should do due diligence prior to shopping for […]
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