Categorized: Home Loans

A Comprehensive Guide to Home Loans for Self Employed Individuals: ‍Becoming a homeowner is a dream for many, but as a self-employed individual, securing a home loan can present unique challenges. Traditional lenders often have stringent requirements that may not align with the financial situation of those who work for themselves. However, with the right…

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Empowering Homebuyers: Low Down Payment Home Loans and Financial Assistance Purchasing a home is an exciting journey, but it can also present its challenges, particularly when considering the financial component. Fortunately, numerous home loan programs require low or even no down payments, making homeownership more accessible to many people. Here we’ll provide a comprehensive overview…

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A Comprehensive Guide for Medical Professionals: Navigating the world of home loans can be challenging, especially for medical professionals who may face unique financial challenges such as paying back larger amounts of student loan debt. Imagine if there was a mortgage loan designed specifically for medical professionals. Well, you are in luck! The physician mortgage…

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In the mortgage industry, you may encounter the term “jumbo mortgage”. While the term may seem intimidating, it’s simply a type of home loan designed for properties that exceed conforming loan limits. Here, we will dive into the specifics of jumbo mortgage loans, including the requirements, down payments, and qualifications. What is a Jumbo Mortgage…

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Understanding Mortgage Programs and Approval Process Nurses dedicate their lives to caring for others, but they may face unique challenges when securing a home loan. The good news is that mortgage programs and strategies specifically for registered nurses are tailored to accommodate these healthcare heroes’ needs. With the proper knowledge and guidance, nurses can navigate…

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Many people believe that homeownership is completely out of reach. But the truth is that even with a low credit score or the inability to save for a hefty down payment, you can still buy a house you love.If you would like to purchase a home but are struggling with credit or savings, an FHA…

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VA loans are mortgage loans tailored specifically for active-duty service members and veterans of our nation’s armed forces. In order to be eligible, you must have served a designated amount of time in the military, or in some cases, surviving spouses of veterans are eligible as well. It is important to understand the difference between…

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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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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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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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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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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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