For many first-time home buyers, the biggest challenge is not always the monthly mortgage payment — it is the cash needed upfront. Between the down payment, closing costs, inspections, appraisal, … [Read more...] about USDA RD vs. FHA Mortgages: Which Is Better for First-Time Home Buyers?
FHA HUD Loans
FHA Mortgage With No Down Payment: Step-by-Step Plan for First-Time Buyers
FHA purchase loans typically require a minimum down payment, so the phrase “100% FHA financing” can be misleading. In practice, most buyers use the term to describe a strategy where the required funds … [Read more...] about FHA Mortgage With No Down Payment: Step-by-Step Plan for First-Time Buyers
New 100% FHA Home Loans with Down Payment Assistance
For many first-time homebuyers, saving for a down payment is one of the most challenging parts of buying a home. The Federal Housing Administration (FHA) offers a great solution with their FHA … [Read more...] about New 100% FHA Home Loans with Down Payment Assistance
FHA 203K Loan For Florida Residents
Did you know that has a special FHA 203k renovation or “rehab” mortgage that provides financing for both the purchase and eligible repairs of a home? This program is fantastic for Florida buyers that … [Read more...] about FHA 203K Loan For Florida Residents
First Time Buyer Programs in Virginia
First time buyers in Virginia have some great choices for low to no down payment home financing this year. The most popular home loans for first-time buyers is the Government backed programs like USDA … [Read more...] about First Time Buyer Programs in Virginia
FHA Mortgage Help Fill The Gap
USDA is a terrific home financing option assuming the buyer is purchasing a home in an approved USDA area, and their household income is below the USDA income limits. But what about those buyers … [Read more...] about FHA Mortgage Help Fill The Gap
St. Johns, Duval County FHA Home Loans
Homebuyers in St. Johns & Duval County may want to consider getting a Federal Housing Authority (FHA) backed loan to finance your home. FHA loans are backed by the government, which makes them … [Read more...] about St. Johns, Duval County FHA Home Loans
FHA Streamline Refinance FAQs: Everything Florida Homeowners Need to Know
The FHA Streamline Refinance is a program offered for homeowners who already have an FHA-insured mortgage. The purpose of the program is to allow borrowers to refinance their current FHA loan into a … [Read more...] about FHA Streamline Refinance FAQs: Everything Florida Homeowners Need to Know
HUD $100 Dollar Down Program
Did you know that FHA & HUD offers special financing for homebuyers that are purchasing HUD owned homes? This specialty program, known as the HUD REO $100 Down Program offers great terms and only … [Read more...] about HUD $100 Dollar Down Program
The Evolution of FHA Loans
Today's FHA loan is by far the most popular mortgage for first-time buyers. Why? There are multiple reasons but one of them is the low down payment required. The down payment for an FHA mortgage is … [Read more...] about The Evolution of FHA Loans