Low-Income Mortgage Loans for 2026
Low-income home loan options You don’t necessarily need a high salary to buy a home. Many mortgage lenders offer low-income home loans for people who earn lower incomes.…
Contributor
Tim Lucas
Tim Lucas (NMLS #118763) was an editor of MyMortgageInsider.com. He has appeared on Time.com, Realtor.com, Scotsman Guide, and more.
Articles by Tim Lucas
Should FHA Loans Have Income Limits?
Federal Housing Administration (FHA) mortgage loans were originally introduced so that those with less than 20% down could buy a home. Generally, those with a small down payment…
What is an Adjustable Rate Mortgage (ARM)?
When the housing market collapsed in 2008, adjustable-rate mortgages took some of the blame. They lost more appeal during the pandemic when fixed mortgage rates bottomed out at…
Permanent vs Non-Permanent Resident Alien Mortgage Options
Resident aliens with green cards and work visas can qualify for a U.S. mortgage even if they are not U.S. citizens. In fact, these home buyers can qualify…
5-Year Fixed Mortgage Rates & Loan Programs
Fixed mortgages with shorter terms can create incredible interest savings. Not a lot of lenders offer short-term mortgage loans. The good news is you can create your own…
Can I Refinance If I’ve Had a Late Mortgage Payment?
Question: Is there any way to refinance if we had a late payment on our mortgage six months ago? So far no one will approve us until a…
Fannie Mae HomePath: The Low Down Payment Loan Ended in 2014
Editor’s note: Fannie Mae discontinued the HomePath program on October 6, 2014. Buyers must have had a completed home purchase contract dated on or before this date to…
Assumable Mortgage: Big Advantage for Buyer and Seller
Most home buyers today apply for and, hopefully, are approved for their mortgage. They are subject to current lending standards and interest rates. But a few buyers can…
Why does getting a mortgage take so long?
Getting a mortgage loan means you’ll likely experience every possible emotion. Unfortunately, a word commonly used to describe the home loan process is “stressful”. When buying or refinancing…
Borrow From Your 401k to Buy A Home
Saving up money for a down payment and closing costs to buy a house is one of the basic requirements in order to qualify for a home loan.…