FHA remains a popular choice for home buyers in Florida, especially first time buyers. In regards to home mortgages, very careful steps have to be taken and each one considered in-depth since we are dealing with a commitment that will last for many years. Being overly anxious to acquire a home and finally getting it […]
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USDA Loan Guarantee Fee Explained
There are three primary government-backed mortgage programs and all three have some sort of upfront fee or guarantee fee. The three programs are the VA loan, FHA, and USDA. VA loans are reserved for veterans and other service personnel and require no down payment. The FHA loan can be used by anyone but does ask […]
2021 VA Loan Guidelines Georgia
If you’re one of those fortunate few that are eligible for the VA home loan program, congratulations. As a result of your service you have hands-down access to the best financing option here in Georgia. VA loans are great for those seeking a mortgage program that requires as little cash to close as possible while […]
FHA Loans Ocala Florida
FHA loans are one of the three main mortgage programs that carry a government-guarantee to the lender. These three mortgage programs are those underwritten to standards issued by FHA, VA and the USDA. The VA and USDA loans have certain restrictions such as who is eligible or where the property might be located. FHA loans […]
Should First Time Buyers Choose Fixed Rate Or ARM?
This is one of the questions most first time buyers ask but perhaps they’re really not sure why one might be better than the other. Mortgage lenders offer a variety of loan programs from government-backed loans such as USDA, VA and FHA loans to conventional mortgages underwritten to guidelines set forth by Freddie Mac and […]
FHA Loans Plant City, Florida
In 1934, Congress introduced the National Housing Act which established universal lending guidelines banks could follow. These new guidelines formed the Federal Housing Administration which set forth lending guidelines banks could follow. The FHA loan has since become the loan of choice for those buying in Plant City, Florida who prefer a loan program that […]
Georgia FHA Loan Benefits
The Georgia FHA mortgage has become the first choice to the majority of first-time homebuyers in Georgia. The Georgia FHA loan program offers several benefits, keeping in mind the budget constraints of most homeowners who are interested in buying their very first home. Compared to most conventional mortgage loans, the FHA loan facilitates the buying […]
North Carolina First Time Buyer Approval Process
Buying your first home can be both exciting and scary at the same time. At the very first mention of buying your first home, suddenly there are real estate agents, insurance agents, friends and mortgage lenders who seem to appear willing to help. Yet knowing you want to buy your first home and finding out […]
Georgia FHA HUD 100 Down Program Insight
Since the slowdown in the housing market years ago, options for 100% home financing have pretty much disappeared. In fact today only a few home loan options in Georgia remain that allow NO down payment home financing – USDA and VA. USDA loans require the property to be located in a rural defined eligible area, […]
Tampa FHA 203K Mortgage Loan
The FHA 203k is offered by the Federal Housing Administration, via approved FHA lenders and allows homebuyers in Tampa to purchase a fixer-up property with as little as a 3.5% down payment. This mortgage program is different than the standard FHA 203b loan. The 203K allows home buyers to purchase a home without using their […]
Conventional Loan Options Florida
By far the mortgage programs with the greatest market share in Florida are conventional loans. Conventional loans are typically underwritten by guidelines established by both Fannie Mae and Freddie Mac but technically they are loans that do not come with a government-backed guarantee to the lender, including VA, FHA and USDA home loans. With a […]
USDA Loans Still 100% Financing
USDA Rural home loans are one of two last remaining 100 percent home loans still available in Florida. The other option is a VA loan which requires current or past military duty. As with any mortgage, there are groups of specific requirements that must be met before an applicant is approved. USDA Loan eligibility requirements […]
Clay County VA Loan Advantage
The VA mortgage offers many advantages for Clay County home buyers looking to purchase a home. Below we will discuss some VA loan advantages. Home buyers in Fla, GA, – please contact us at 904-810-2293 with any questions or to learn more. 100 FINANCING – NO DOWNPAYMENT Nearly all mortgage programs today require you […]
VA Loan Refinance Options St Johns County
Veterans in St. Johns County around St. Augustine, etc have some great VA refinance options available today. Depending on your current needs and equity position, The VA IRRRL Streamline refinance or Cash Out refinance could make sense. It’s no secret VA interest rates are still near all-time low levels. Now be a great time to […]