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 […]
What Are Down Payment Assistance Loans?
Looking for down payment assistance loans? Now more than ever before, buyers have an array of options for financing the purchase of a new home. Buying a home traditionally requires the buyers save up money for the down payment. What Is a Down Payment? The down payment is the amount of money a buyer must […]
How To Apply For The First-Time Home Buyers Program
Saving up for a down payment, finding your dream starter home and moving in can all be exciting. But being a first-time home buyer can also cause lots of stress in figuring out how to navigate the buying process. Luckily, there is a first-time home buyers program that can help you through it. These programs […]
How To Improve Your Credit Score To Buy A House
Buying a house is part of the American Dream. Everyone dreams of owning their home, and it is a great financial move for many people. Buying one is difficult, though. You need a massive loan in order to pay for a house, and qualifying for a mortgage loan with a reasonable interest rate requires a […]
