Category: 1st Time Homebuyer
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What Is The Minimum Credit Score For VA Loan?
You’re eyeing a new home and the VA loan’s benefits have caught your interest. Surprisingly, the VA doesn’t set a minimum credit score for these loans, but lenders typically do. In this article, we’ll unwrap what that score might be and how you can work towards it to secure your dream home with a VA…
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7 Factors to Consider Before Buying an Apartment
Deciding to buy a property is a big leap and you might wonder if an apartment is the right choice for you. Every year, millions of people join the ranks of homeownership by purchasing apartments, with varying levels of satisfaction and success. This guide dives deep into the essential factors that will help make your…
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What Is an FHA Construction Loan?
Building your dream home can seem daunting, especially when thinking about financing. Good news: An FHA construction loan offers a path to homeownership with unique advantages for those looking to build from scratch. This article will break down the ins and outs of this special loan type, making it easier for you to decide if…
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How Much Is the First-Time Homebuyer Down Payment?
Stepping into the world of homeownership can be thrilling. But it can also be a tad overwhelming — especially when figuring out the initial cash you’ll need. Typically, a first-time homebuyer down payment hovers around 6% of the new home’s purchase price. This blog walks you through the ins and outs of down payments, offering…
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6 Steps to Getting an FHA Construction Loan
Building a dream home can be daunting, especially when it comes to financing. An FHA construction loan offers a pathway to turn those dreams into reality, with easier qualifications and low down payments. This post will guide you through the six essential steps you can take to secure an FHA construction loan, from pre-qualification to…
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What to Look for When Buying a House?
13 Non-Negotiables on Our List! You’re ready to plant roots and find a home. But the sheer number of factors you need to consider on your journey to homeownership can be overwhelming. With most buyers having at least five key features on their list when choosing a home, it’s clear you’re not alone in wanting…
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How to Get FHA Condo Approval
Searching for a condo that fits your budget and lifestyle can be challenging — especially when you need FHA approval to secure financing. In fact, it takes an average of two to four weeks to get a condo FHA-approved. If you’re looking to get an FHA condo approval, you’re in the right place. This article…
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Condo vs House: Which Home Is Right for You?
Deciding between buying a condo or a house is like choosing the backdrop for your life’s next chapter. Would you rather end up the main character in a story of lower initial costs as a condo owner or a story of more privacy and space as a homeowner? If you’re thinking about buying a condo…
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How to Buy a House with No Money: 7 Tips
If you’re wondering how to buy a house with no money, you’ve come to the right place. While it’s certainly easier to begin your journey as a first-time homebuyer when you have wads of cash on hand, a low bank account balance won’t necessarily prevent you from achieving your homeownership dreams. If you’re looking to…
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Complete Guide to FHA Loan Refinancing Requirements
Buying a house is one of the most expensive purchases most people ever make. While becoming a homeowner is part of the American dream, not everyone is flush with cash and can qualify for a traditional mortgage. In fact, according to recent data, 9.1% of mortgage applicants were denied in 2022. For folks who want…