Fannie Mae Home Loans Helping Americans Become Homeowners

The Fannie Mae home loan program has been one of the most successful programs helping consumers in the United States buy a home with a minimal down-payment with competitive interest rates equating to affordable monthly payments. is government sponsored enterprise that has played a major role in empowering Americans to become home-owners. Becoming a homeowner… Read More »

Everything You Should Know About First Time Home Buyer Loans

What Credit Score is Needed for a First Time Home Buyer Loan this Year? Several trusted mortgage companies have announced new first time home buyer loans that encourage consumers to stop renting. If you have your sights on buying a home this year, credit scores are probably on your mind. After all, the higher your… Read More »

How to Qualify for a Home Loan with Low Income

Many renters may think they don’t have enough income to qualify for a home loan. That isn’t usually true. Most mortgage lenders aren’t concerned with only your income. Income is just one part of the mortgage qualification puzzle. Even if you don’t have a high income, you still should investigate home ownership. Qualifying for a… Read More »

How to Buy a Rental Property

Millions of Americans rent instead of own, so it is often a good move to buy a rental property. If you manage it well, it’s possible to earn passive cash flow every month without doing too much. If you decide that you want to buy a rental property in the US, below are the essential… Read More »

How to Buy a Second Home and Get the Best Rate

Have you done well with the equity in your home in the last year or two? You may be thinking about buying a second home so you can live in a different city, state, or even country. It’s estimated there were about 7.5 million second homes in the US as of 2016, or about 6%… Read More »

Guide to 2023 Loan Limits for Fannie Mae and Freddie Mac

The 2023 loan limits for Fannie Mae and Freddie Mac remain high. The rapid rise of home prices during the pandemic-era is fueling what could be the biggest increase in the Fannie Mae and Freddie Mac conforming loan limit since 1970. An increase in the conforming loan limit allows home buyers wanting Fannie or Freddie-backed… Read More »

How to Finance a Multi-Family Residence (MFR)

Are you interested in commercial real estate? Good! Investing in multi-family residences can be an outstanding investment that can provide you with steady cash flow for many years. Most of us don’t have the cash to buy a commercial property outright, so there are various commercial loans available that can get the deal done. Below… Read More »

How to Finance Fractional Home Ownership  

If you are interested in a vacation property or second home, you may wonder about financing fractional home ownership. Before you move forward, it’s important to understand what fractional homeownership is and how financing works. Fractional Ownership Overview Fractional ownership usually deals with owning a vacation property where several owners use it based on units… Read More »

How to Buy a Home with a VA Mortgage Loan

If you’re a military veteran or active-duty military, and you want to buy a home. You may be looking into a VA mortgage loan and wonder if it’s a good choice for you. For many active military and retired military, VA loans can be the way to go. Let’s take a closer look at these… Read More »

Florida First Time Home Buyer Guide

Over the past decade, Florida has expanded by more than 2.6 million people, the second-highest numerical population increase in the country, behind only Texas. So it shouldn’t come as a surprise that the state’s housing market is also expanding and values are rising. The coronavirus pandemic has put a damper on housing markets across the… Read More »

Alabama First Time Home Buyer Guide

While Alabama isn’t among the biggest U.S. states, it is one of the states in its region that’s added the highest number of residents over the past decade. In fact, Alabama ranks in the middle among all Southern states when it comes to population increase since 2010. The state’s population growth has a knock-on effect… Read More »

Nevada First Time Home Buyer Guide

Nevada is one of the fastest-growing U.S. states, both according to the total number of new residents since 2010 and the percentage growth rate resulting from the hundreds of thousands of new Nevadans. All that growth has made the Nevada housing market one of the most exciting in the country. Like the rest of the… Read More »

What Credit Score Do You Need to Refinance a Mortgage?

Many homeowners want to know what credit score they will need to refinance their mortgage in 2023. Credit score requirements for mortgage refinancing play a crucial role in determining your eligibility and the terms of a new refinance mortgage loan. While there are minimum requirements, aiming for a higher credit score can open the door… Read More »

California First Time Home Buyer Guide

California has long been one of the most expensive housing markets in the country, and it’s no wonder why. It’s the state with the highest population, and it’s growing. In fact, the state has added more than 2 million residents over the past decade, with the population climbing by more than 8% in that time.… Read More »

Texas First Time Home Buyer Guide

Like the rest of the country, the housing market in Texas has experienced a roller-coaster ride in 2020 because of the coronavirus pandemic. But with the population in Texas continuing to climb (the state added the highest number of people over the past 10 years), all signs point to purchasing a new home in the… Read More »

Most and Least Affordable Places to Buy a Home

Published on August 20th, 2020 by Reviewed by Peter G. Miller The Coronavirus pandemic has upended the real estate market so far in unexpected and varied ways. Record low mortgage interest rates combined with people spending most of their time at home has caused a boom in home buying in many housing markets despite… Read More »

Understanding Loan to Value Ratios

There’s a reason that lenders often reemphasize one common phrase throughout the homebuying process: it’s one of the most expensive purchases you’ll ever make. With that purchase comes risk, as real estate transactions are often established through financing that runs 30 years or more. The reality is, that financing is established on properties that can —… Read More »

Best Mortgage Loans for Senior Citizens & The Elderly

Housing, particularly in the United States, has a fairly predictable lifecycle. The reason is that most homebuyers who buy a house finance that purchase with a mortgage earlier in life and therefore engage in a long-term financial obligation in which they ‘agree’ to accumulate equity in their home. Home loans for seniors and the elderly… Read More »

FHA vs Conventional Mortgage Loans

Are you house hunting? If so, there’s something else you should be thinking about before locking in your mortgage: wealth building. In a perfect world, you’d find a lender who could outline hypothetical outcomes and give you the lay of the land when putting a comparable Federal Housing Administration (FHA)-insured mortgage against a conventional mortgage… Read More »

How Does a VA Mortgage Loan Work?

Are you currently serving your country or a recently discharged military veteran? If so, you know your branch of service has likely instilled discipline, strong values, a sense of duty, and loyalty. Among those numerous positive outcomes that can result from military service, there’s also another one you might not have thought of — homeownership. … Read More »

What Is an Energy Efficient Mortgage?

Prospective homeowners who want to enjoy higher energy efficiency savings and possibly afford a larger mortgage have a great option – the Energy Efficient Mortgage (EEM). An EEM is a mortgage that credits your home’s energy efficiency into the home loan itself. An EEM gives you the chance to finance energy-saving measures into one mortgage.… Read More »

How to Get a Stated Income Mortgage Loan

If you are self-employed and do not have a traditional income with W-2s and pay stubs, you may wonder if you can get a mortgage in 2021. Yes, there are options for self-employed professionals to get a home loan without traditional proof of income. These are known as stated income mortgages. But the rules for… Read More »

First Time Home Buyer Mortgage Tips

Becoming a homeowner is quintessential part of the ‘American dream’, so obtaining the right mortgage is a critical step in the first time home buyer process. It’s no secret that the U.S. housing market has been surging, so it is natural that mortgage companies are comfortable expanding credit and home loan financing for first time… Read More »

Bad Credit Mortgage Tips for Low Credit Scores

If your credit score is cringe-worthy and you’re thinking about buying a house, you may have some legitimate concerns about your chances of getting approved. But fear not: You may still be able to get a mortgage with bad credit. However, your credit history will undoubtedly make the application process more nerve-wracking, complex, and expensive.… Read More »

How Low Rates are Great for the Housing Market

If you’re trying to buy a house, you need to understand all the aspects of obtaining a mortgage rate and the various factors that will influence that number. Why? If you go into your house hunt with no clear idea of how mortgage rates work, you’ll face a more complex process and potentially walk away… Read More »

10 Ways to Get Approved for a Home Loan the First Time

Are you in the market for a home loan in the new year? Whether you are buying your first home or refinancing your existing one, you can improve your odds of being pre-approved for a home loan this year if you follow our helpful tips below. #1 Make Sure You Know Your Credit Score As… Read More »

Good Income, Little Savings? Mortgages with Little Down

Down payments are a big hurdle for many home buyers. Monthly mortgage costs are affordable but down payments are a hurdle. The good news is that there are ways around down payment roadblocks, you don’t have to be a victim of old-fashioned down payment requirements. The 20% standard Down payments have been a barrier to… Read More »

How to Engineer Lower Mortgage Rates

When it comes to mortgage rates no one knows what the future will bring. There is no better example than 2022. Many economists forecast mortgage rates of 5.5% and even more. What really happened was that rates went down. According to Freddie Mac, for the first 9 months of 2012 mortgage rates averaged 3.95% and… Read More »