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 [...]
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 [...]
When it comes time to purchase a home, there are many options from which buyers can choose to finance the cost of the home through a mortgage. At the time borrowers apply for a mortgage, their lender will provide them with a few options for the type of mortgage they can choose, depending on [...]
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 [...]
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 [...]
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 [...]
If you are in the market for a new house, you have probably heard about FHA home loans. But do you really know what they are? Or how to qualify for one?