The FHA mortgage program is a government-backed mortgage loan program that is insured by the Federal Housing Administration, or FHA. FHA loans are especially popular with first-time homebuyers because they require lower minimum credit scores and down payments than many conventional loans. FHA borrowers must pay for mortgage insurance to protect the lender from losses […]
How Does My Credit Score Affect My FHA Loan Application?
Many people who have rented for far too long dream of finally becoming homeowners. For most, finding the home of their dreams and no longer being forced to spend thousands of dollars in renting apartments is a life worth living. However, before you are ready to apply for your first home loan, there are important […]
Good Neighbor Next Door vs. Teacher Next Door Programs
Homeownership is the American dream. Unfortunately, many families are unable to afford the down payment, closing costs, and related fees without help. The Good Neighbor Next Door program and the Teacher Next Door program are two types of housing programs available for eligible candidates. A first time home buyer program can help people acquire low-interest […]
The Pros and Cons of Buying Before Selling
Many homeowners face a common dilemma when it comes time to find a new home. They want to move but are not sure whether they should sell their existing home first or buy a new home before selling. While there is no right or wrong answer, it is important to be aware of the pros […]
Energy Efficient Mortgages: What Are The Benefits?
An energy efficient mortgage (EEM) is a type of loan that encourages borrowers to reduce their energy expenses by financing the cost of energy-efficient upgrades. Borrowers can apply for an EEM when making a new housing purchase or when refinancing an existing house. Energy efficient mortgages are federally recognized, easy to use, and can be […]
