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Requirements for Using VA Home Loan Benefits Following Discharge

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You have to do more than just serve in the military to get your VA home loan benefits. You have to serve enough time and have an honorable discharge. Get Matched with a Lender, Click Here. However, honorable doesn’t mean perfect. There are different types of discharges you can have and still get the VA mortgage benefits. Keep reading to learn just what they are and how they … [Read more...] about Requirements for Using VA Home Loan Benefits Following Discharge

What Federal Government Programs Are Available to First Time Home Buyers

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First-time home buyers are often at a larger disadvantage than subsequent homebuyers. They may have lower credit; a shorter credit history; or little money to put down on a home. Luckily, none of these factors prevents consumers from buying their first home. The government offers a variety of guaranteed programs that help people, including first-time buyers get a home. These … [Read more...] about What Federal Government Programs Are Available to First Time Home Buyers

Ideas for Saving for a Down Payment

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If saving for a down payment seems like a daunting task, you are not alone. Many people think they have to put 20% down or they can’t get a loan. Luckily, that’s not the case. There are many programs you can use that require as little as 3.5% down, such as the FHA loan. However, even 3.5% down can seem like a looming amount. If the average home price in your area is $200,000, … [Read more...] about Ideas for Saving for a Down Payment

The Top Ways To Boost Your Borrowing Power

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It’s no secret that lender’s restrictions have tightened up since the housing crisis. Today, they have gotten slightly better; however, they still have more requirements than ever before. So how can you maximize your borrowing power? You have to start early. That’s the key! The sooner you start working on your qualifying factors, the better chance you have of borrowing more … [Read more...] about The Top Ways To Boost Your Borrowing Power

Buying and Renovating Multi-Unit Properties with FHA Financing

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Did you know you could use FHA financing for multi-unit properties? It gives you the opportunity to invest in real estate without paying the higher investment loan rates and fees. The catch, however, is that you must live in one of the units. This makes it ‘owner-occupied,’ allowing you to rent out the other properties while using FHA financing. Get Matched with a Lender, … [Read more...] about Buying and Renovating Multi-Unit Properties with FHA Financing