First-Time Home Buyer

USDA vs FHA: Which low down payment loan is best for first-time home buyers?

January 5, 2024

If you are looking for a low down payment home loan opportunity, both the USDA and FHA loans offer worthwhile options.

Home Buying

How much is a down payment on a house? (FHA, VA, USDA, Conventional)

January 5, 2024

Many people still think you need a 20 percent down payment to buy a house. However, many borrowers are able to buy homes with little or no down payment. There […]

Conventional Loans · News · Refinance

Conventional Refinance | Rates, 2024 Loan Limits & Guidelines

January 4, 2024

A conventional refinance is one of the most versatile loans in today’s market. Conventional refinances can convert any type of mortgage loan into a conventional loan. Simultaneously, a conventional refi […]

Home Buying · News

$25,000 Downpayment Toward Equity Act | What To Know

January 4, 2024

FHA Loans · Refinance

FHA Streamline Refinance Rates & Guidelines 2024

January 4, 2024

The FHA streamline refinance program helps current FHA homeowners lower their interest rate and monthly payment — it’s a quick and cost-effective way to refinance with lenient documentation requirements and […]

Home Buying · Investment Properties

How To Rent Out Your House & Buy Another | 2024

January 4, 2024

Renting out your home could be the right choice if you want to buy another home. The choice to rent out your original home could create additional cash flow that […]

Refinance

Freddie Mac Enhanced Relief Refinance (FMERR) Guidelines for 2024

January 4, 2024

Editor’s note: FMERR expired in 2021, however, we are leaving this article live for archive purposes. Homeowners interested in FMERR may be eligible for other refinance relief. What is FMERR? […]

Homeowner Tips

Home Improvement Loans | Finance Your Remodel in 2024

January 4, 2024

Home improvements and repairs can get pricey fast. A minor kitchen remodeling costs an average of $20,830, vinyl window replacement is $15,282, and the addition of a master bedroom could […]

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

Piggyback Loan (80/10/10 Mortgage) | Rates & Requirements 2024

January 3, 2024

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.

Home Buying · Niche Mortgage Products

HomeReady Mortgage | Requirements & Income Limits for 2024

January 3, 2024

Fannie Mae is on a mission to make home buying easier. Here are a few of the highlights of the HomeReady Mortgage program: As little as 3% down payment Lower […]