Buying a home in the competitive Northern Virginia real estate market may be daunting, especially if you are a first-time home buyer or a buyer who is new to the Northern Virginia market. You will need to work with a real estate agent who is experienced in the area and get pre-approved for a mortgage. […]
First-Time Home Buyer Financing Programs In Virginia
Buying your first home is exciting, though a bit daunting. If you finance your first home by taking advantage of the many loan programs available to you, you can be comfortable with your purchase for many years. For many first-time home buyers, the biggest challenge is how to finance the purchase. First-time buyers in Virginia […]
What Do First Time Home Buyers Need?
You would like to buy your first home, but you don’t know what it will take. Buying your first home can be daunting. One way to make it less overwhelming is to recognize that many programs exist to help first-time home buyers make home ownership a reality. Your lender can help you find the program […]
What Is the Income Limit For First Time Home Buyers?
Income limits for first time home buyers is important to understand. As a first time home buyer, you may be able to qualify for mortgage financing on terms that are quite generous. Those terms include no or low down payments. Having no down payment, or a very low down payment puts home buying for many […]
How Much Do First Time Home Buyers Have To Put Down?
As a first time home buyer, you likely will have to borrow money to buy a home. When you borrow money to finance the purchase of a home, your loan is called a mortgage loan. Most mortgage lenders and loan programs require the buyers to make some kind of down payment. The down payment is […]
What Credit Score Do You Need To Buy A House?
One of the most important factors in getting a mortgage to buy a house is your credit score. Your credit score is a number ranging from a low of 300 to a high of 850 that represents your creditworthiness. Higher scores indicate less risk to the lender. Using FICO, the most often used model by […]
FHA Loans Facts Potential Homebuyers Should Know
FHA loans are a wonderful way to finance the purchase of a home. Millions of homebuyers use them to finance a home purchase or home improvements each year. Despite the widespread popularity of FHA loans, they are a mystery to many potential homebuyers. There are plenty of FHA loans facts that are often overlooked when […]
5 Best Uses For Home Improvement Loans
Many homeowners struggle to keep up with the “to do list” of projects that need to get done around the house. Bigger projects get put on hold because the homeowner does not have the cash to pay for them and they are too big to be DIY projects. Keeping up with home maintenance becomes more […]
How Can I Qualify for a Loan as a First-Time Home Buyer?
Although most people with good credit history can qualify for a mortgage to buy a home, special programs exist for first time home buyers. If you are a first-time home buyer, you may be able to get a loan on favorable terms and conditions that are not available to other borrowers. Depending on your financial […]
