For those who hear the term “mortgage insurance” for the first time and outside the process of buying a home or refinancing an existing one, they might automatically think that mortgage insurance is an insurance policy that makes the...
The Federal Reserve has increased interest rates for the third time this year, a move that shows growing confidence in the state of the economy. The benchmark federal fund rate is moving up a quarter of a point, from...
Fannie Mae is an important part of the American real estate market. This government-backed company doesn’t provide loans, but instead purchases mortgage loans from lenders, which can include banks, credit unions, and mortgage companies. The company holds mortgages as...
The United States Department of Agriculture (USDA) is now offering home loans to borrowers with credit scores as low as 550. That’s right, you can get a USDA loan with a 550 credit score, and it’s possible to get...
Because a down payment is such a massive barrier to homeownership for many Americans, the Chenoa Fund helps break this barrier by financing the expense. Through the program, borrowers can actually receive an FHA mortgage and combine it with...
In 1934, the Federal government passed the National Housing Act as part of the “New Deal,” which was President Franklin D. Roosevelt’s massive plan to provide relief from the Great Depression, relief that would come, it was hoped, through...
Purchasing an investment property is one of the most exciting times in your life, but if you choose the wrong mortgage for your needs, your purchase could be more of a burden than a blessing. Before you can think about...
Looking for a loan that will allow you to purchase a property and make renovations? You’ll have a few options to choose from, but the best may be a HomeStyle loan from Fannie Mae. Let’s explore why these renovation...
Jumbo Loan Programs for a Credit Score Under 700 Jumbo loan programs can help you obtain affordable financing for high end homes in California and all across the country. However, they also come with increased scrutiny and enhanced requirements. Because...
You’ve finally found your dream house. Maybe it’s in a kid-friendly neighborhood, with great schools and a wonderful park just a few blocks down. Maybe it has just the right amount of land for your herb garden and hobby...