Category: 1st Time Homebuyer
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Low-Income Loans & Where to Get One
Dreaming of owning a home, but your income feels like a barrier? Low-income loans might just be the resource you need. This article shines a light on these specialized loans, guiding you through their benefits and how to snag one for yourself. Keep reading — getting these loans may be simpler than you think! Key…
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How to Get a Home Loan When You’re Self-Employed
Buying a home can feel out of reach when you’re self-employed. Many lenders are cautious about loaning to those without steady paychecks. If you’re self-employed, this article’s for you. Keep reading to learn how to move through the steps to qualify for a home loan — even with your unique income situation. Key Takeaways Lenders…
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FHA 40-Year Mortgage: What You Need to Know
Buying a home can be stressful — especially when it comes to finding a mortgage that fits your budget. Did you know the FHA 40-year mortgage offers an extended repayment period compared to a traditional 30-year loan? In this post, we’ll explore the ins and outs of this loan option, helping you decide if it’s…
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FHA Cash-Out Programs: What You Should Know
You’re sitting on a potential goldmine: the equity in your home. The FHA cash-out program could turn that equity into real, spendable cash for you. This blog will guide you through everything from requirements to pros and cons, ensuring you make an informed decision. Ready to learn more about FHA cash-out programs? Let’s dive in.…
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Buydown Mortgage: Meaning, Pros and Cons, FAQs
Buying a home is exciting, but rising interest rates can be a hurdle. A buydown mortgage might provide the relief you’re seeking. In case you’re unfamiliar, it’s an option that temporarily lowers your interest rates. In this post, we’ll explore how a buydown mortgage works, its benefits and drawbacks, and answer common questions to see…
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How Many Times Can You Use a VA Loan?
Are you wondering if your VA loan benefits have a limit? Surprisingly, one of the lesser-known facts about VA loans is their reusability. This post will guide you through understanding how many times you can tap into this valuable resource to buy or refinance your home. Key Takeaways VA loans offer huge benefits like no…
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A Guide to Conditional Loan Approvals
Finding the right home feels exciting, but securing a mortgage can be nerve-wracking. Good news: A conditionally approved mortgage could be your stepping stone to getting those keys in hand. In this guide, you’ll learn what conditional loan approval means for you and how it can accelerate your path to homeownership. Key Takeaways A conditionally…
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USDA vs. FHA: Which is better for first-time home buyers?
Choosing the right home loan can be a real head-scratcher for first-time buyers. Did you know that both USDA and FHA loans offer special benefits to make homeownership more accessible? This post will clear up the confusion, breaking down each option so you can find the fit that’s best for your dream home. Let’s dive…
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What Does Pending Mean In Real Estate?
House hunting can be a puzzle — especially when you come across the term pending on a property listing. A pending status means an offer has been made and accepted, but the sale isn’t final yet. This blog will guide you through what ‘pending’ involves and how it differs from other real estate terms, helping…
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FHA Closing Costs: What They Are and How Much You’ll Pay
Buying a home is thrilling, but the hidden costs can be a headache. Every FHA loan comes with closing costs that buyers need to pay. In this piece, we break these down and offer tips on managing them — making your journey to homeownership smoother. Key Takeaways FHA closing costs range between 2% to 5%…