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?
How do FHA loans work? Everyone has heard about such mortgages but why does a government financing program introduced in the 1930s work so well today, especially for first-time borrowers?
Millennials have become the single-biggest group of homebuyers in the country. Is this move right for you? Let’s break it down.
New data show that sellers may be more willing to work with buyers who have a home to sell. That’s good news for buyers, meaning it’s easier now to sell your home and buy another.
First-time home buyers have access to a myriad of low- and zero-down payment mortgage loans. Of all the available loan programs, though, the FHA loan is the most inclusive and accessible for today’s buyers.
Your credit union might offer a good deal on a mortgage when you buy or refinance. Or not. Here’s what you need to know about credit union mortgages, and how to get the lowest rate no matter who provides your financing.
The emerging generation is as much interested in home buying as any generation before. Fueling the enthusiasm is a new menu of affordable mortgage programs.
At a mortgage closing, you typically pay mortgage costs and escrow
Don’t think you’ll ever have the cash to buy a house? Use this guide to learn how to save for a house—and sooner than you think.