The Pros and Cons of Conventional Mortgages and FHA Loans

The two most common types of mortgages in the country today are conventional loans and FHA loans. Conventional mortgages conform to Fannie Mae/Freddie Mac guidelines and are a financial agreement between the lender and borrower. FHA loans are also between the lender and borrower, but the Federal Housing Authority backs FHA loans for borrowers [...]

By |2019-11-13T11:06:55-05:00November 13th, 2019|Categories: Mortgage|Tags: , |

Refinance Options When You Have an FHA Loan

There are dozens of reasons you might want to refinance your mortgage loan. For one, it could help you lower your interest rate, thus lowering your monthly payment (plus the total interest you pay over the course of your mortgage). Additionally, you can also refinance to pay your loan off faster, to access cash, [...]

By |2019-10-15T15:59:03-04:00October 16th, 2019|Categories: Refinance|Tags: , |

New Homebuyers Are Flocking to FHA Loans — Here’s Why

New home sales are on the rise, and many of those purchases? They’re being made with FHA loans. According to a recent analysis from the National Association of Home Builders, almost 18 percent of all new home sales were purchased with FHA mortgages last quarter — or about 32,000 home sales nationwide. That’s a [...]

By |2019-08-20T16:28:15-04:00August 21st, 2019|Categories: Mortgage, Purchase|Tags: , , |

Buying a House with Bad Credit: Can It Be Done?

Your credit score plays a huge role in your ability to get to mortgage — not to mention how easy the process is and what interest rates you'll qualify for. Are you worried your credit isn't good enough? You're not alone. Many would-be homeowners fear their credit scores will mean sky-high rates and massive down [...]

By |2020-01-16T10:23:02-05:00June 12th, 2019|Categories: Mortgage, Purchase|Tags: , , , , , , , |

2019 FHA and VA County Loan Limits

If you've been paying any attention to the real estate market this past year, you know that inventory was low and home prices steadily increased due to the demand. As of November 2018, the median existing-home price for all housing types was $257,700 — that's up 4.2% from November 2017 and marks the 81st [...]

By |2019-10-31T16:40:47-04:00December 21st, 2018|Categories: Mortgage, Purchase|Tags: , , |

How Do Mortgages Work? Understanding the Basics of Mortgages

Most people would love to own a home, but the reality is that a majority of us simply can’t pay for a home with cold hard cash. In fact, for many people, even saving up the funds for a down payment is a hefty burden in and of itself. To make it possible for people [...]

By |2018-11-18T23:36:42-05:00August 31st, 2018|Categories: Mortgage, Purchase|Tags: , , , , , , |

Pay for Home Repairs with One of Our Home Renovation Loans

We're all about helping our customers get to a better place—both financially and in terms of their living situations. We offer several options for home renovations that allow you to buy or refinance a home that needs a little TLC. Whether you choose our FHA 203(k), HomeStyle Renovation Loan, or our FHA 203(k) Streamline Loan [...]

By |2018-11-19T02:23:46-05:00March 31st, 2018|Categories: Mortgage, Purchase|Tags: , |