USDA vs FHA: Which low down payment loan is best for first-time home buyers?
January 18, 2023
If you are looking for a low down payment home loan opportunity, both the USDA and FHA loans offer worthwhile options.
Read More...Sarah Sharkey
Sarah Sharkey is a personal finance writer covering retirement, investing, debt, savings, credit cards, mortgages, and student loans. Additionally, she is the founder of Adventurous Adulting, a personal finance blog dedicated to helping readers tackle their money and take control of the adventure of life.
Articles by Sarah Sharkey
No Income Verification Mortgage | Guidelines for 2023
December 2, 2022
When you apply for a mortgage, the lender wants to ensure that you have the financial resources to repay the loan. If you don’t have standard proof of income, like pay stubs and W-2s, then a lender might approve your mortgage based on other financial factors.
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Freddie Mac’s Home Possible vs Fannie Mae’s HomeReady: Which is better?
November 15, 2022
If you want to buy a home without a large down payment, there are plenty of government-backed programs available. But the opportunities don’t end there. Fannie Mae and Freddie Mac […]
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What is the Freddie Mac Home Possible program?
November 4, 2022
Freddie Mac’s Home Possible mortgage is a loan program designed for home buyers with low incomes or little in savings. It requires just a 3% down payment. Who is eligible […]
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Best Loans for Home Improvement | 2023
September 19, 2022
Let’s explore the best loans for home improvement and which ones might suit your specific needs and finances.
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Home Equity Loan Rates & Requirements 2023
August 29, 2022
As a homeowner, you’ll build equity in your home with each mortgage payment. When you need to fund a big expense, a home equity loan can help you tap into […]
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Pros and Cons of First-Time Home Buyer Loans
July 18, 2022
As a first-time home buyer, you have plenty of home loan options. But the most popular options are first-time home buyer loan programs, which are available at the federal and […]
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First-Time Home Buyer · Home Buying
Prequalify for a home loan | First-time home buyer guide 2023
June 7, 2022
Home shoppers can kick off the mortgage process with a loan prequalification. As the first of several steps in the mortgage application, the lender will provide an estimate of how […]
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Average Down Payment on a House | 2023
May 4, 2022
If you’re thinking about homeownership, you may have heard that you must save a 20% down payment before you can consider buying a home. The good news is that’s not […]
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FHA Loan Limits | Increased limits in 2023
April 29, 2022
The surge in home prices has led the FHA to increase its loan limits for 2022. With this latest increase, the new baseline limit for single-family home purchases is $420,680. […]
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