First Time Home Buyers: Do's and Don'ts - Preview
Home Loans

First-Time Home Buyers: Do’s and Don’ts

Buying a home for the first time can be overwhelming. As a first-time homebuyer, there are so many decisions to make along the way, from your buyer’s agent to your loan officer, to your loan program. But buying a home doesn’t have to be stressful! Making sure you are prepared will put you miles ahead…

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Second Homes vs. Investment Property - Featured
Buy a Home

Second Homes vs. Investment Property

When taking out a mortgage loan, there are several different categories that the loan falls under, depending on what you intend to do with the home understanding the mortgage process will help you navigate the purchase of your second home or investment property easier. For a home that you intend to live in as your…

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Non-Conforming Loans | USA Mortgage Abadi Region
Home Loans

Non-Conforming vs Conforming

Mortgage loans are divided into two categories: Conforming Loans and Non-Conforming Loans. Below, we will highlight the features and benefits of each one, how they relate to each other, and the different options available to home buyers. Non-Conforming vs. Conforming Loans What is a Non-Conforming Loan? A non-conforming mortgage loan is one that does not…

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Apply for a USDA Home Loan
Home Loans

Applying for a USDA Loan

USDA home loans are a great option for both first-time, and experienced home-buyers. They do not require a down payment, making them an attractive option to some home-buyers. The property must be located in a “rural” area, and there are income limits based on your household size as well. Below, we will outline the steps…

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Owning Multiple Homes - Featured
Buy a Home

Owning Multiple Homes

If you are wanting to buy a home, and already own one, there are different rules, requirements, and restrictions that are in place for each kind of loan program. Read on to find out the ins and outs of owning multiple homes for conventional, FHA, USDA, and VA home loans. Conventional Home Loans If you…

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Your Mortgage Tax Deductions
Mortgage Basics

Your Mortgage Tax Deductions

There are several components to a mortgage that allow for mortgage interest tax deductions to qualify. Some people can qualify for all of them, while others only use one or two. Either way, they save you money on your total tax liability. Is my Mortgage a Tax Deduction? Yes, owning a home also comes with…

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What is a VA Loan - Featured
Home Loans

What is a VA Loan?

Veterans, we are eternally grateful for the sacrifices you have made for our country. While there is nothing we can do to adequately thank you for your service, we can offer guidance and assistance during your homebuying process. We are here to help you navigate VA loans and get the keys of your dream home…

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What every first-time home buyer should know - Preview
Home Loans

Every 1st Time Homebuyer should know

When you are buying your first home, there are many areas of lending and the home-buying process that you will want to be informed about. Educating yourself is the first step to ensuring that you are getting the best deal. 1. Down Payment Assistance Programs – MHDC, Chenoa, City Grants, etc.  a. These programs are great…

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Money You Need to Buy a Home
Buy a Home

How Much Do You Need to Buy a Home?

Saving for a down payment is often the most daunting part of the homebuying process. Having enough cash to put 20% down may seem out of reach, but don’t let that high number discourage you from becoming a homeowner. Despite what many people say, you don’t have to put 20% down to get the keys to a…

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USDA Loan changes and options
Home Loans

USDA Loan Changes and Options

Many people are unaware of the U.S. Department of Agriculture mortgage program. USDA home loans don’t require down payments and are available for eligible rural and suburban homebuyers. Read on to see if this program would be a good fit for you and your household. What are the USDA income limits? USDA loans are made…

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What Makes FHA Loans Different from Other Loans?
Home Loans

What makes FHA Loans different?

The Federal Housing Administration (also known as FHA) requires only a minimum credit score of 500, while also allowing borrowers a down payment as low as 3.5%. FHA loans will also allow a zero-credit score by supplementing with non-traditional credit. With the options offered by FHA, this is a common loan program often utilized by…

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ARM vs Fixed Rate Loans
Home Loans

ARM vs. Fixed Rate Home Loans

Applying for a mortgage can feel overwhelming at first, especially if you aren’t familiar with industry jargon. Two terms that are often thrown around are adjustable-rate mortgages, or ARMs, and fixed-rate mortgages. Understanding the differences between these two types of mortgages will make you feel more comfortable and confident with the application process. They may…

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