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Discover how 3% down conventional loans rival FHA for first-time buyers. Many prospective homebuyers assume that the FHA loans 3.5% down payment requirement is the lowest down payment option available. However, that’s not entirely true. For first-time homebuyers, conventional loan…
Exploring how lenders handle bonus income in mortgage calculations. Bonus income can be a crucial part of a borrower's qualifying income when applying for a mortgage. However, its acceptance as a reliable income depends on several factors, such as the…
Why FHA loans are a solid choice for both new and repeat homebuyers. When people think about FHA loans, many believe they’re exclusively designed for first-time homebuyers. However, that’s a common misconception. FHA loans are actually available to a wide…
What You Need to Know About Schooling and Mortgage Eligibility When applying for a mortgage, one of the key factors lenders evaluate is your employment history. Most mortgage programs require at least two years of consistent employment to consider your…
Direct Access, Better Rates. Here’s How We Work for You Personalized Service for Homebuyers and Homeowners Who Need a Mortgage Broker that Works for Them When you’re in the market for a mortgage in Pennsylvania (PA) or Florida (FL), finding…
Fannie Mae's Latest Report: Lenders Find Huge Value in Simplifying Closing-Cost Descriptions In the world of mortgage lending, closing costs can be a source of confusion and frustration for borrowers. These fees, which often include everything from appraisal costs to…
Your Home Rebuilding Solution with No Down Payment in Disaster-Affected Areas. 100% Financing Options for Those Affected by Hurricanes Milton and Helene The FHA 203(h) Loan Program is designed specifically to help victims of Presidentially Declared Major Disaster Areas (PDMDA)…
Why Personalized Solutions Matter for Your Mortgage When you're searching for a mortgage near me, you’re likely looking for a lender or broker who understands your local market, offers personalized service, and can provide a variety of loan options. At…
When you're buying a home with an FHA loan, the appraisal process is a crucial step. Unlike a traditional home appraisal that mainly focuses on determining the market value of a property, an FHA appraisal goes a step further to…
Self-sufficiency is a crucial concept in the Federal Housing Administration (FHA) mortgage guidelines for borrowers looking to finance 3- to 4-unit properties. Self-sufficiency refers to the property’s ability to generate enough rental income to cover its mortgage payments. This requirement…
