FHA Loans Perfect For These Types of Borrowers
January 1, 2017
Some people just don’t have perfect credit or a big savings account. These are some of the folks who might be the best candidates for an FHA loan these days. […]
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Conventional Loans · FHA Loans · Home Buying
Down Payment Gift Money for First Time and Repeat Home Buyers
November 19, 2016
One thing you should know as a first time or repeat home buyer is that mortgage lenders allow financial gifts to be used toward the down payment on a house. […]
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FHA Loans · Understanding Mortgages
Senior Citizens Can Be Successful at Getting Mortgages
September 13, 2016
A couple in their mid-70s just recently purchased a home and got a mortgage to move closer to their children and grandchildren. They decided on Home Equity Conversion Mortgages (HECM) […]
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Ask Tim · Conventional Loans · FHA Loans · Private Mortgage Insurance
What is the Difference Between an FHA and Conventional Loan in Cost and Benefits?
July 6, 2016
Q: I have good credit of about 730. I meet the requirements for both FHA and Conventional 97. I plan to live in the home for 6+ years. Which has […]
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FHA Loans · Mortgage Rates · Refinance
FHA Loans Getting Approved At High Clip
June 22, 2016
FHA loans closed at the highest clip in the past 18 months. Over 70 percent of FHA loans closed in the month of May, a jump from about 67 percent […]
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FHA Loans · Mortgage Rates · News
FHA Rates Hit Year-Low Levels
May 23, 2016
Homes Closed With Lowest Average Mortgage Rates in 12 Months April saw the lowest average mortgage rates in one year. Mortgage software leader Ellie Mae reported that the average 30-year […]
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New Legislation Could Help FHA Condo Buyers
April 12, 2016
FHA Condo Buyers Could Soon Have More Options For the last few years, there haven’t been a lot of options for prospective condo buyers who were relying on FHA financing to fund their […]
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Conventional Loans · FHA Loans · USDA Home Loans · VA Home Loans
Mortgages That Don’t Require A 20% Downpayment
March 22, 2016
Low Downpayment Mortgage Options Many home buyers believe they need a 20% downpayment to buy a home. This misconception could stop buyers before they start, and cost them years of […]
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Companies that Know How to get Condos Approved with FHA
January 14, 2016
It sounds simple. If a condo meets FHA approval, the people who want to buy a unit in the condominium are eligible to apply for an FHA mortgage. If it […]
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FHA Buyers Rejoice: More FHA Approved Condos Coming
December 8, 2015
It can be tough to find a condo building that is approved for FHA financing. But that’s just what many first time homebuyers are trying to do. Condominiums are a less […]
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Tim Lucas
Mortgage expert Tim Lucas has been helping home owners for over 12 years.
