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

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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 qualify? Looking for Current Mortgage Interest Rates? Click Here. The Minimum FHA Credit … [Read more...] about What’s the Lowest Credit Score Allowed on an FHA Loan?

Can You Buy a House Without a Social Security Number

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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 qualifications we discuss below, you could be well on your way to an approval for … [Read more...] about Can You Buy a House Without a Social Security Number

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

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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 we are crushing your dreams, but there are some valid reasons you should use this … [Read more...] about The Top Reasons You Should Buy Less Home Than you Qualify For

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

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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 Mortgage Interest Rates? Click Here. Keep reading to find out what the IRS … [Read more...] about Do You Pay Taxes on Proceeds From a Cash-Out Refinance?

When Will Your New Mortgage Show on Your Credit Report?

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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 Matched with a Lender, Click Here. Unfortunately, your new … [Read more...] about When Will Your New Mortgage Show on Your Credit Report?