Last week, the Community Home Lenders Association (CHLA) wrote a letter to Treasury and FHFA asking for a suspension of Fannie Mae and Freddie Mac mortgage purchase restrictions adopted in mid-January as part of changes to the GSEs’ Preferred...
Category - Loan Types
Los hogares multigeneracionales en bienes raíces han estado teniendo una tendencia al alza, y esto continúa desde 2009. Las estadísticas demuestran que 1 de cada 5 estadounidenses vive en un hogar multigeneracional; es decir, una o más...
Attention small community renters: why rent when your dream home sits a few miles away with no money down? USDA home loans have grown increasingly popular over the years, helping more than 650,000 individuals and families into homes...
The first step was buying your first house, and you felt the benefits: your credit score continues to increase, and during tax season, you can write off 12 months of interest and keep a huge chunk of cash to yourself, not to Uncle Sam. You feel...
Where do you feel most at home? Do you prefer rolling hills and fields over the hustle and bustle of a city or suburb? For all those wishing to escape the traffic and crowds that come with city life, a cozy home in the quiet atmosphere of a...
One of the many perks to home ownership: building equity. According to CNBC, today’s homeowners have the highest amount of total accumulated equity in their homes ever recorded, sitting at $5.8 trillion. With home values steadily on the...
If you can answer “yes” to any of the below questions, you’ve probably been refused a home loan because your qualifications are outside the norm: Are you self employed? Investor with 4 or more financed properties? Credit...
What does it take to purchase a home? Good credit ✅. Steady income ✅. Low debt-to-income ratios ✅. Job history ✅. Oh yeah, and money in the bank…🚫 The average sales price of homes in the state of Nevada is $277,900, so that...
When shopping for a home loan, buyers are usually focused on 2 things: what’s my rate going to be and how much is the mortgage insurance. However, in a lot of scenarios when qualifying for both FHA and Conventional, the real monthly payment...
With inventory low right now, what’s better? Buying a home you kind of like, or buying a home of your dreams? With a HomeStyle® (Fannie Mae) or 203k (FHA) renovation loan, it doesn’t matter if you purchase the mediocre property...
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