VA loans: A gift for veterans If you have any U.S. military experience, you should be considering a VA loan. It’s a zero-down, 100% financing home loan with no monthly […]
There are a number of VA loan service requirements. They determine how much borrowers pay to use the VA mortgage program. VA-qualified borrowers can obtain mortgage financing with very advantageous terms. So how do the advantages (and eligibility requirements) of a VA loan stack up against USDA and FHA loans? Let’s find out.
The Department of Veterans Affairs (VA) has a unique way of looking at income. Instead of the total number, it’s most interested in “residual income,” the cash you have left over after all major expenses.
Can or should you use a cash-out refinance to buy another home? Maybe, if that’s the most cost-effective source of a down payment or even the whole purchase price.
FHA is one of the most popular home buying programs in existence. What does it take to qualify? Do you make too much to be eligible for FHA?
FHA credit score eligibility depends on just a few special numbers. That, at least, is the quick take. But if you look deeper you can see that the relationship between FHA mortgages and credit scores is more complicated.
If you’re looking for a tiny house finance you’ll need to be creative and resourceful, but that doesn’t mean you can’t come up with the dollars you need. Here’s where to look.
The FHA down payment is just 3.5% for most borrowers. As down payments go it’s certainly a lot less than the 20% up front some mortgage programs require. But is there a way to make the FHA down payment even easier?
FHA or USDA mortgages, which should you choose? It’s not an easy question and there’s no single answer which is right for everyone. But it’s a question many borrowers should ask. The right answer can mean big mortgage savings.