What Are Your Home Financing Options When You Have a Lower Credit Score?

Posted by Laine Smith on 3/15/17 9:05 AM

Credit scores are a huge part of the loan approval process. They not only determine your eligibility for home financing but can also determine what mortgage rate you will qualify for. But what if your credit score falls on the lower side of the spectrum?

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Mortgage 101: Which Mortgage Is Right for You?

Posted by Laine Smith on 1/9/17 10:06 AM

Buying a home can come with an overwhelming amount of choices. What school district do you want to purchase in? Who should you choose for a real estate agent? How much can you afford to spend on your home purchase? Just like choosing a home style, there are several loan types and programs made to benefit a wide range of homebuyers.

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USDA Rural Development or FHA: Which Is the Best Mortgage Option for a First-Time Homebuyer?

Posted by Laine Smith on 10/17/16 2:33 PM

Today’s first-time homebuyers face a new set of homebuying hurdles. From saving for a down payment and closing costs to credit scores and debt, mortgage affordability is a key concern for many homebuyers. So today we’re reviewing pros and cons and costs and eligibility requirements associated with two affordable mortgage options: the USDA Rural Development and FHA loan.

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Buying Your First Home: Should You Save For a Down Payment or Pay Off Debt First?

Posted by Laine Smith on 10/16/16 10:54 AM

Many potential homebuyers cite existing debt or saving funds for a down payment as the biggest hurdles in their homebuying journey. But what if you have existing debt and a low balance in your savings account? Where do you start?

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The Zero Down Payment Mortgage Program Is Now Even More Affordable

Posted by Laine Smith on 10/10/16 1:30 PM

If you’ve heard of the USDA Rural Development Guaranteed Loan Program, you know that it’s an extremely affordable mortgage program, boasting several benefits for first-time and repeat homebuyers. As if the zero down payment requirement and lower-than-market interest rates weren’t enough, USDA loans became even more affordable at the beginning of this month.

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Mortgage 101: How to Get a USDA Loan

Posted by Laine Smith on 8/15/16 12:58 PM

Looking to purchase a home without the means for a down payment? A USDA loan, formally known as the USDA Rural Development Guaranteed Housing Loan program, is an attractive program for homebuyers struggling to overcome one of the largest obstacles to achieving homeownership: down payment.

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First-Time Homebuyers: How to Conquer the 7 Biggest Homebuying & Financing Fears

Posted by Laine Smith on 7/31/16 12:40 PM

Hesitant of jumping into the homeownership circle? As with any large purchase, buying a home can be unnerving for someone who has limited knowledge of the homebuying and financing process. As the mortgage world is constantly changing, there are also several misconceptions about what it takes to buy a home.

Here's how to set some of those fears and misconceptions aside when thinking of buying a home.

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The Zero Down Payment Mortgage Option You’ve Probably Never Heard About

Posted by Laine Smith on 7/13/16 10:14 AM

Half of all consumers still consider saving for down payment as a homebuying barrier, according to an Ellie Mae survey. If you’re under the impression that it takes a 20 percent down payment to buy a home, you are more than misinformed. Down payment assistance and multiple low down payment loan options are available, even one that requires zero money upfront. 

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Mortgage 101: What Is a USDA Loan? Am I Eligible for One?

Posted by Laine Smith on 4/6/16 10:00 AM

Want to buy a home but don’t have the means for a down payment? The USDA Rural Development Guaranteed Housing Loan Program, also known as a USDA or Rural Development loan, is an attractive mortgage program for homebuyers struggling to overcome one of today’s biggest homebuying obstacles: saving for a down payment. But what is a USDA loan?

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First-Time Homebuyers: Do You Have What It Takes to Get a Mortgage?

Posted by Laine Smith on 3/8/16 2:47 PM

Studies have shown that a lot of renters aren’t buying homes simply because they are misinformed or unaware of what it actually takes to get a mortgage. You don’t need a 20 percent down payment or an 800 credit score, but there are some things you do need to be eligible for financing. Here are five things to keep in mind when you decide you want to buy a home.

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