USDA Home Loans

USDA Streamline Refinance Program Guidelines & State Chart 2021

January 6, 2021

Editor’s note: The USDA streamline refinance pilot program has been rolled out nationwide. It is now available in all 50 states and is called the USDA streamlined-assist refinance. The USDA […]

FHA Loans · Refinance

FHA Cash-Out Refinance: Access Your Home Equity

January 5, 2021

Editor’s note: Starting September 1, 2019, HUD, the administrator of FHA loans, reduced the maximum FHA cash-out refinance loan-to-value to 80%, down from 85%.  What is an FHA cash-out refinance? […]

Homeowner Tips

15 Year vs 30 Year Mortgage: Which Is Better?

January 4, 2021

A 15-year mortgage can save you thousands of dollars in interest and you’ll own your home faster so a 15-year mortgage is better if you can afford it.

Refinance

Freddie Mac Enhanced Relief Refinance (FMERR) Guidelines for 2021

January 1, 2021

Editor’s Note: The FMERR Program expired September 30, 2019. However, Fannie Mae’s High LTV Refinance Option (HLRO) currently has no expiration date. Similar to FMERR, it’s a great loan option […]

Credit · FHA Loans

Low Credit Score Home Buyers In 2021 Could Qualify Because of this new FHA Policy

January 1, 2021

Editor’s note: FHA loan changes which were rolled out in 2017 are in effect in . According to Ellie Mae, more lower-credit FHA applicants are being approved. In July 2016, […]

Cash Out Refinance · News

Investment Property Cash Out Refinance | 2021 Guidelines

January 1, 2021

Putting Investment Property Equity To Work Cash out refinancing for primary residence (owner occupied) homes are gaining in popularity, but so are cash out loans for investment properties. While they […]

Home Buying · News · Understanding Mortgages

Avoid PMI Without 20% Down | Guide 2021

January 1, 2021

“Affordable Loan Solution” Offers 3% Down Loan A new loan program requires just 3 percent down and no mortgage insurance. The “Affordable Loan Solution” mortgage is a new loan program […]

Refinance

Fannie Mae High Loan-to-Value Refinance Option (HIRO) Guidelines for 2021

January 1, 2021

FHA Loans · Home Buying · USDA Home Loans · VA Home Loans

100% Financing Home Loans 2021 (USDA, VA, FHA)

January 1, 2021

100% Financing Home Loans for New and Repeat Home Buyers 100% financing home loans are mortgages that finance the entire purchase price of a home, eliminating the need for a […]

Conventional Loans · FHA Loans · Home Buying · News · Private Mortgage Insurance

Piggyback 80 10 10 Loans Will Save You Money in 2021

January 1, 2021

An 80 10 10 loan is a mortgage option in which a home buyer receives a first and second mortgage simultaneously, covering 90% of the home’s purchase price. The buyer puts just 10% down. This loan type is also known as a piggyback mortgage.