Chicago Ranks as Highest Taxed City in the Nation
Under the leadership of rookie first-term Democrat Mayor Lori Lightfoot, Chicago beat all other major U.S cities as being ranked the highest taxed city in the nation.
Changing Lenders After Locking Rates During Mortgage Process
Changing Lenders After Locking Rates: What You Need to Know in 2024 Locking in a mortgage rate is a critical step for any homebuyer. Once your rate is locked, you’re often left wondering if you’ve made the right choice. But what happens if you find a better rate or your experience with your lender isn’t…
Buying and Selling a Home at the Same Time Without Stress
Your 2024 Guide to Buying and Selling a Home at the Same Time Without the Stress Buying and selling a home at the same time can feel like juggling fireballs—exciting but stressful. If you’ve ever wondered how to handle both without losing your mind, you’re not alone. Many homeowners find themselves in this tricky situation….
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FHA Chapter 13 Bankruptcy Guidelines
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…
What is the Debt-To-Income Ratio For Conventional Loan
This guide covers all about Debt-To-Income Ratio for Conventional Loan: Your 2024 Guide to Homeownership with conventional loans: Are you wondering if you can qualify for a conventional loan to buy a home or refinance your current mortgage? Lenders take into account your debt-to-income ratio (DTI) as one of the crucial factors. This guide on…
The Role Of The Loan Officer Assistant In Mortgage Process
The Role of the Loan Officer Assistant: How They Help You Get a Mortgage Buying a home or refinancing can be one of the most exciting times in your life—but it can also feel overwhelming. The mortgage process can seem complex, with many steps and paperwork. But what if we told you there’s someone dedicated…
Exempt Debts of Co-Signed Loans For Co-Signer
Understanding Exempt Debts of Co-Signed Loans in 2024: A Guide for Homebuyers Co-signing a loan can feel like helping a friend or family member take a big step toward their dreams, whether it’s buying a car or a home. But what happens when you’re the co-signer? And it’s time to purchase your own home? One…
HUD Credit Score Guidelines On FHA Home Loans
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…
HUD Announces Tightening Of Credit Requirements On FHA Loans
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…
HUD DTI Guidelines on Manual vs AUS Findings on FHA Loans
HUD DTI Guidelines on Manual vs AUS Findings: What You Need to Know for 2024 When buying a home with an FHA loan, understanding your debt-to-income ratio (DTI) is crucial. Knowing how your DTI is assessed can make all the difference in getting approved if you are a first-time homebuyer or looking to refinance. In…
FHA Loan After Bankruptcy In California With Bad Credit
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…
FHA Appraisals Versus Home Inspections For Homebuyers
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…
FHA Income Guidelines: Simple Tips to Qualify for Home Loans
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.
FHA Guidelines on Student Loans: How to Qualify in 2024
FHA Guidelines on Student Loans: Your Path to Homeownership in 2024 Student loans are a significant part of life for many Americans, especially millennials, who are now the largest group of first-time homebuyers. The challenge? Balancing student loan debt with the dream of owning a home. This guide will break down the FHA guidelines on…
Re-Establishing Credit To Qualify For FHA Loan
Re-Establishing Credit to Qualify for FHA Loan: Your 2024 Guide to Homeownership Are you dreaming of buying a home but worried about your credit score? You’re not alone. Many potential homebuyers face credit challenges, especially if they’ve been through bankruptcy or foreclosure. The good news is that you can improve your credit and qualify for…
New Jersey FHA Lenders: HUD-Approved Lender With No Overlays
Discover the Best New Jersey FHA Lenders for Your Home Purchase or Refinance When you’re looking to buy or refinance a home in New Jersey, choosing the right FHA lender is important. However, not all New Jersey FHA lenders have the same requirements. Many homebuyers need clarification when shopping for a mortgage because the lending…
FHA Approved Condos Versus Single-Family Homes
FHA Approved Condos Versus Single-Family Homes: What’s the Best Choice for You? Are you torn between buying an FHA-approved condo or a single-family home? You’re not alone! This decision can be overwhelming, especially if you’re a first-time homebuyer or looking to downsize. Don’t worry—this article will explain the advantages and disadvantages of each option, outline…
FHA Loan After Bankruptcy in New Mexico in 2024
Your Complete Guide to Getting an FHA Loan After Bankruptcy in New Mexico [2024 Edition] If you’ve gone through bankruptcy, the idea of buying a home again might feel overwhelming. But don’t worry—there’s good news! Even if you have filed for bankruptcy in New Mexico, you can still qualify for an FHA loan. FHA loans…
Credit Repair During FHA Loan Process Mortgage Guidelines
Credit Repair During FHA Loan Process: What You Need to Know in 2024 If you’re considering buying a home using an FHA loan, you might wonder how credit repair could fit into the picture. Improving your credit score is crucial, but navigating credit repair during the FHA loan process requires careful consideration. This guide will…
2024 FHA Condo Mortgage Guidelines: What You Must Know
For many homebuyers, buying a condo can be an excellent option due to its combination of affordability, convenience, and a sense of community. But if you’re considering using an FHA loan to finance your condo purchase, there’s a catch: the condo complex must be FHA-approved. Understanding the FHA condo mortgage guidelines is crucial to ensure…
FHA Mortgage Insurance Premiums Guidelines on FHA Loans
Breaking News: Lower FHA Mortgage Insurance Premiums in 2024—What It Means for Your Mortgage Are you thinking about buying a home or refinancing your current mortgage? If so, you’ve likely heard about FHA loans. These loans are popular because they allow lower down payments, making it easier for first-time buyers to own a home. But…
