Tag Archive for: first time homebuyer

FHA Vs. USDA Home Loans: Which Mortgage Is Better For Buying A Home

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As a first-time homebuyer with limited savings for a down payment, navigating the world of mortgages can be daunting. Thankfully, there are options available to help low-to-moderate income borrowers achieve […]Read More

Requirements for FHA Loan Down Payments

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The down payment shouldn't stop your homeownership dream! FHA loans offer a powerful solution with down payment options as low as 3.5%. If you're tired of renting or worry your credit score is holding you back, an FHA loan might be the key you need. Learn the ins and outs, from understanding costs to navigating the application process.Read More

FHA vs Conventional Loans: Which Is Better for Tennessee Homebuyers?

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Choosing between an FHA loan Tennessee or a conventional mortgage is not a one-size-fits-all situation. It comes down to what best aligns with your unique financial status and homeownership goals. But don't worry, you're not in this alone. Professional help from an FHA approved lender like JVM Lending can break down this complex process, providing you with the confidence and understanding needed to navigate your homebuying journey.Read More

CA’s Dream For All (Down Payment Assistance) Program Is Here For 2024, But…

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CalHFA officially announced the re-introduction of its extremely popular Dream For All Program! And … it is not quite as exciting this time around. As a quick reminder – this is probably the most generous down payment assistance program we have ever seen – and that is why the CalHFA is trying to limit it to families that truly need assistance. When the program was previously launched last year, it ran out of funds in 3 weeks.Read More

Refinancing Troubles for First-Time Homebuyers?

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Uh oh… rates are finally dropping but there are problems in refi land! The problem has to do with first-time homebuyers getting much lower rates than everyone else - when they buy.Read More

A Guide to Buying a Home in Oregon

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Buying your first home is a significant milestone, and Oregon is a fantastic place to achieve this dream. As a first-time home buyer in Oregon, it's essential to understand the local real estate market, mortgage rates, and available assistance programs.Read More

How Much House Can I Afford? A Guide to Home Buying

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Wondering how much house you can afford? Dive into our comprehensive guide covering everything from mortgage basics and down payments to credit scores and debt-to-income ratios. Gain the knowledge you need for a confident and informed home purchase journey.Read More

Inflation Cools & Rates Shoot UP! Why? “Rates Down In March!” RATE ROLL-DOWNS

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The markets are going crazy, as everyone tried to anticipate the Fed’s next move. When deciding to raise or lower rates, the Fed watches (1) the labor markets; (2) inflation; and (3) consumer spending – and ALL THREE sent the markets and rates into a tizzy this week.Read More

What is the Purchase Plus Program & How Does It Work?

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The Purchase Plus program is a pioneering credit initiative that focuses on helping potential homeowners in underserved communities. With an objective to boost homeownership in certain states, it's quickly becoming a beacon for first-time homebuyers.Read More

Fannie’s Greatest Hits; First-Time Buyers Don’t Get Hit! Watch For Hidden Points!

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In February, I blogged about Fannie Mae’s Greatest Hits, referring to all of the things that can impact an individual’s interest rate. These things include credit score; loan amount; property […]Read More

Homebuying and Home Loans for Rural Areas

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If you're looking to buy a home in a rural area, it's essential to understand the specific requirements involved. Purchasing a property in a rural setting is different from buying in urban areas, and there are unique considerations to keep in mind. Knowing these factors will empower you to make informed decisions on your rural homeownership journey. In this guide, we'll explore the essential requirements for buying a home in rural areas, helping you find your dream property with confidence.Read More

Boomers Dominate Market Again – Uh Oh! When FHA Reigns Supreme

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FHA Is Better than Fannie Mae for Buyers with a FICO under 740 and Less than 5% Down! This is just another reminder that FHA financing is often much better […]Read More

How Much Should Your House Down Payment Be?

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First-time homebuyer and not sure how much to put down for your house? Dive into our detailed guide on house down payments. Learn about factors that influence the amount, understand different financing scenarios, and make an informed decision that suits your financial goals.Read More

Buying a House with No Down Payment: Your Guide to Mortgage Financing

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Discover how to buy a house with no down payment using mortgage financing options that aren't just for first time homebuyers.Read More