This guide covers first time home buyer mortgage process on getting pre-approved and closed on a home. The first step for first time home buyer mortgage process is the pre-qualification and pre-approval step. The mortgage process does not have to be stressful. Most loans can close in 30 days or less. Understanding first time home…
Buying a car may affect mortgage approval for potential homebuyers. Many homebuyers often do not think about how buying a car may affect mortgage approval. To many, it is common sense to buy a car first before buying a house. Unfortunately, buying a car may affect mortgage approval and limit how much house you can…
The U.S. government created and implement VA loans to reward active-duty and retired members of the U.S. Military to show their appreciation of serving our country. Only U.S. Armed Services veterans who meet the VA Eligibility Guidelines And Requirements can qualify to obtain a Certificate of Eligibility (COE) You need a valid COE to meet…
This guide covers community property states mortgage guidelines. Community Property States Mortgage Guidelines: Community property is derived from older Spanish law, which allows for a 50/50 split in any property owned by a married couple. This derives from the notion that maintaining equal ownership is essential to establishing a strong family unit, an important civil…
This guide covers the importance of home inspections during the home buying process. The importance of home inspections should be addressed to all homebuyers. A home inspection is not required by lenders. However, a home inspection is highly recommended. Home inspections also allow buyers to learn about the property’s systems and maintenance requirements. Inspectors often…
In this blog will discuss qualifying for an FHA loan with bad credit. FHA loans are the most popular mortgage loan program for borrowers with bad credit, first-time homebuyers with no credit, borrowers with high debt-to-income ratio, recent college graduates, and borrowers with low credit scores. This article will cover qualifying for FHA loans with…
This VA home loan guide will cover qualifying for a VA loan with bad credit. VA loans are the best mortgage loan program for owner-occupant homes. One of the greatest benefits a Veteran of the United States Armed Services can get by serving our country is to be eligible for a VA loan. The VA…
In this blog, we will cover and discuss HUD guidelines on FHA streamline refinance mortgages. HUD guidelines on FHA streamline refinance mortgages is very simple and can be closed in two weeks: Here are the HUD Guidelines On FHA Streamline Requirements: No appraisal required No income verification is required so debt-to-income ratios do not matter…
Emerging from Chapter 13 bankruptcy can be a challenging but transformative journey. Federal Housing Administration (FHA) loans provide a viable path forward for individuals eager to embark on homeownership. This comprehensive guide will delve into the FHA guidelines for obtaining a home loan after Chapter 13 bankruptcy, exploring the eligibility criteria, waiting periods, and steps…
In this blog, we will cover the HUD minimum credit score guidelines on FHA loans. HUD minimum credit score guidelines to qualify for a 3.5% down payment home purchase mortgage loan is set at a 580 FICO credit score. If your credit scores fall between 530 FICO and 579 FICO, you can still qualify for…
In this article, we will be covering qualifying for an FHA loan after foreclosure waiting period requirements. HUD, the parent of FHA, has mandatory waiting period requirements after a housing event. A housing event is a foreclosure, a deed in lieu of foreclosure, or a short sale. We will also cover other mortgage loan options…
If you’ve ever dreamt of owning a piece of paradise in the Caribbean, Puerto Rico may be your perfect destination. Buying a house in Puerto Rico is an attractive proposition with its stunning beaches, rich cultural heritage, and thriving real estate market. It is becoming increasingly popular among Americans in the mainland United States. Many…
Call Now 