Many people aspire to become homeowners one day, but the current economic climate and their personal opportunities and finances play a big part in how soon that plan can come to fruition. One option that is worth considering is co-ownership of a home with friends or non-spousal family. This enables an individual to boost their […]
Can I Be A First Time Home Buyer If My Spouse Is Not?
If you are considering the purchase of a new home, you are likely looking for as many ways to save money on the endeavor as possible. One of the most popular methods of cutting the cost of a home purchase is to apply for first time home buyer benefits. However, understanding whether you qualify — […]
First Time Home Buyer Tips For 2021
If you are considering purchasing a home in 2021, there are some important things to evaluate before you begin the process. By staying informed and approaching the home buying journey equipped with knowledge, you can put yourself ahead of other home buyers and ensure that you make a wise purchase. Consider these tips for first […]
Buying A Home In Northern Virginia
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. […]
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 […]
