Main navigation

Blown Mortgage

First Time Home Buyer Programs | Home Loans | Refinance

Main Content


Deprecated: wp_make_content_images_responsive is deprecated since version 5.5.0! Use wp_filter_content_tags() instead. in /nas/content/live/blownmortgage/wp-includes/functions.php on line 4861

What’s the Lowest Credit Score Allowed on an FHA Loan?

By

The FHA loan makes it easy for borrowers to secure funding even if they don’t have perfect credit. Unlike the conventional loan program, which requires at least a credit score of 680, you can get an FHA loan with a much lower credit score. Just how low can your credit score get for you to … Continue about What’s the Lowest Credit Score Allowed on an FHA Loan?

Buying a Home

Posts

What’s the Lowest Credit Score Allowed on an FHA Loan?

By

The FHA loan makes it easy for borrowers to secure funding even if they don’t have perfect credit. Unlike the conventional loan program, which requires at least a credit score of 680, you can get an FHA loan with a much lower credit score. Just how low can your credit score get for you to […]

Can You Buy a House Without a Social Security Number

By

Are you looking to buy a home in the United States, but you don’t have a social security number? It may be easier than you think to settle here in the U.S. Rather than a social security number, you will need an ITIN, Individual Taxpayer Identification Number. If you have an ITIN and you have […]

The Top Reasons You Should Buy Less Home Than you Qualify For

By

You got your loan preapproval and you can’t believe how much you can borrow! You are already dreaming of the perfect house that you are going to buy – you have it all pictured now. Before you do, you may want to consider buying less home than you can afford. We know that sounds like […]

Do You Pay Taxes on Proceeds From a Cash-Out Refinance?

By

If you need to get your hands on some cash and you have home equity, you may consider a cash-out refinance. While you may enjoy the funds, when tax time rolls around, you may find yourself wondering if you have to include the proceeds from your cash-out refinance on your tax return. Looking for Current […]

When Will Your New Mortgage Show on Your Credit Report?

By

If you have a new mortgage, you are probably anxious for it to show up on your credit report. Housing debt can have a positive impact on your credit score, especially as you start making payments on time. Many lenders look at your housing debt as an indication of your level of financial responsibility. Get […]

Is it Possible to get a Mortgage on Bank Statements Alone?

By

Do you have irregular income or maybe you don’t work at all, but you know that you could afford a mortgage? You probably won’t be able to qualify for a traditional mortgage if you don’t have W-2s or tax returns for a lender to confirm your income, but you may be able to get away […]

The Impact of COVID-19 on the Residential Real Estate Lending

By

COVID-19 changed a lot for people, and not just about their health. Most people’s finances changed too, including the way they get a mortgage. Residential mortgage lending initially saw a dramatic increase in its requirements, making it much tougher for anyone to get a mortgage. As we continue to navigate the pandemic, the requirements aren’t […]

Coronavirus Pandemic: How to Get Quick Cash from Your House

By

Millions of Americans have little to no cash flow thanks to COVID-19. While it can be scary, if you own a home, you have options. Before you jump in and refinance your mortgage, though, know your options and the requirements. Some lenders tightened restrictions in the face of COVID-19, while others offer the olive branch […]

Is it Risky to Buy a Foreclosed Home?

By

Buying a foreclosed home could net you a great deal. But is it risky? It depends on the situation. Some foreclosed homes are ideal. They are in great condition and were just a circumstance of bad luck. Others aren’t so pretty. They are in complete disrepair, won’t pass an appraisal, and need a ton of […]

How to Make an Offer on a House without an Agent

By

Buying a house doesn’t mean you have to be represented by a real estate agent. Some people just prefer to handle things on their own. Even though a real estate agent may have access to listings sooner or can handle your offer for you, it’s still doable on your own. Before you set out to […]