Colorado · Credit Score · Divorce · FHA · FHA-VA · FICO · First Time Home Buyer · Florida · Mortgage News · Real Estate · Texas
FHA Mortgage Costs Just Got Cheaper
FHA: with a $350,000 loan, monthly MI costs drop from $248/mo to $160/mo
VA Loan Entitlement
VA Borrowers with Full Entitlement can get loans for as much as they can qualify for with zero down payment options,
Can I Afford a Mortgage?
If you’re getting ready to start house shopping, you’ve probably taken a good look at your budget and wondered how much house you can afford. Maybe you’re asking yourself if you can afford a mortgage at all! There are a…
Jumbo Mortgage Loan Limits Higher in 2023 – New Options Available
Jumbo Mortgage Loans sometimes have lower rates than non-jumbo mortgage loans.
Colorado · Credit Scoring · FHA · FHA-VA · FICO · First Time Home Buyer · Florida · Homes · Mortgage News · Texas
FHA 203k Renovation loans
FHA 203(k) Renovation loans are designed to help borrowers buy a home or refinance an existing home and make improvements, repairs, or renovations all rolled into the costs of just one loan with a single monthly payment.
How Does a Mortgage Work Anyway?
If you plan to purchase a home, you have probably started to research the best mortgage options to make the most of your money. When looking at your home purchase, you have to consider both the actual cost of the…
Condominium · Credit Score · FHA · FHA-VA · FICO · First Time Home Buyer · Florida · Homes · Jumbo · Mortgage News · Texas · VA
How to Quickly Calculate Your Debt to Income Ratio (DTI)
FHA loans can go higher than 50%
VA loans don’t have a defined maximum DTI
Total ratios of up to 50% can be acceptable for conforming loans
Colorado · Credit Score · First Time Home Buyer · Florida · Homes · Mortgage News · Real Estate · Texas
FHA Loans for First Time Home Buyers
Down Payments for an FHA loan can be as low as 3.5% of the purchase price.
FHA loans aren't as sensitive to FICO credit scores as conforming loans.
What Is Required for a Conventional Mortgage?
When buying a home, most people use a conventional mortgage. This requires the home buyer to put down some amount of money, called a down payment, on the purchase. This is represented as a percentage of the overall purchase amount.…
How Walkable is Your Neighborhood?
Homeowners with an eye to sell their home may be hearing words like walkability. But was does it mean and how does it apply to your situation? While it isn’t a big factor with all buyers or all situations, it…
