Homeownership marks the start of a new chapter in your life. However, before you can move into the home of your dreams, you’ll need to decide which type of mortgage will work best for your financial goals. One of your options is an adjustable-rate mortgage. But what is an adjustable-rate mortgage? Let’s explore this type […]
What Are Government Loans? Government loans are insured or backed by the U.S. federal government. There are many types of government home loans as well as government loans for college education, disaster relief, opening a business and supporting veterans. Government-backed mortgages help all types of home buyers purchase their dream home. How Does A […]
VA Loans: Rates, Eligibility Requirements And More What Is A VA Loan? A VA loan is a type of government loan, backed by the U.S. Department of Veterans Affairs (VA). The VA offers specific guarantees to private lenders that handle VA loans. Because of these guarantees, lenders offer loans that typically feature no down payment […]
USDA Loans: What They Are And Their Eligibility Requirements You probably associate the United States Department of Agriculture, or USDA, with things like the food pyramid, food safety and plant inspections. But did you know the USDA is also involved in rural development? The USDA believes that helping families in rural areas become homeowners creates […]
5 Types Of Home Loans For All Home Buyers Types of Mortgages: There are a number of loans to choose from when you buy a home, and we will cover five of them below. Use our table of contents to skip ahead to a certain mortgage type. Conventional Loans Fixed Rate Loans Adjustable Rate Loans […]
Jumbo Loans One of the most important components of shopping for a home is identifying the type of mortgage that best suits your needs. You may need a jumbo loan to buy the house of your dreams, or, in some areas of the country, to buy any house at all. Here’s a guide that […]
Non-Conforming Loans: What Are They And How Do They Work? If conventional loans aren’t an option for you, a non-conforming loan may be able to help you get financing for the home of your dreams. But what exactly is a non-conforming loan, and what are the benefits of having one? What s A Non-Conforming Loan? […]
What Are Conforming Loans And What Do They Mean To Borrowers Conforming loans are the most common type on the market today and the most beneficial for both lenders and buyers. If you’re in the market to buy a home, it pays to learn how you can qualify for a conforming loan and save the […]
The conforming loan limit has now increased by nearly $132,000 since 2016. On Tuesday, the Federal Housing Finance Agency announced that it is raising the conforming loan limits for Fannie Mae and Freddie Mac to more than $726,200. In most of the U.S, The 2023 maximum conforming loan limit will be raised to $726,200, up […]
First Time Home Buyer Being a first-time homebuyer is exciting! But we know it can also feel overwhelming. Even though you may be eager to purchase, we want to help make sure that you don’t end up hurting your financial goals. Home Buying is worth doing this the right way and that means buying a […]