What is the USDA Loan Program?

USDA Loans

A few months ago, I sold my home and moved across the country. When I sat down with a real estate agent to discuss the possibilities, one of the most encouraging things she told me was that our home met the requirements for the USDA loan program. Read More

Conforming Loan Limits – Conventional Loan Limits | 2020

Conventional Loan Limits

The Federal Housing Finance Agency (FHFA) recently announced that 2020 conventional loan limits would be raised to $510,400 for single-family homes.  This increase in conforming loan limits has gone up almost $100,000 since 2016. These limits may be exceeded if the property is located in a high-cost area. Read More

Low Down Payment Mortgage Programs

Low Down Payment Mortgage

The mortgage down payment is a barrier faced by first-time home buyers for generations. Even if you have steady employment and good credit scores, a large down payment can be much harder to achieve. Read More

0% Down Mortgage Options: Home Loans with No Money Down

0% Down Mortgage Loans

Zero-down mortgage loans make it entirely possible for you to purchase a home with little resources or cash on hand. All you really need to achieve homeownership with a 0% down mortgage is the ability to meet the loan requirements for the program.  In fact, several popular no money down mortgage options are readily available today, and a few others are nearly zero down. Read More

USDA Loans

USDA Loans

In today’s housing market, anyone looking to purchase a home with nothing down finds themselves with limited options. Fortunately, USDA home loans still offer 100% financing with low mortgage rates for home purchases. And these rural development loans can be used across most areas of the country. Don’t overlook the no-down payment mortgage options offer through USDA loans. Read More

Conventional Loans – Conventional Conforming Loan Programs

The term ‘conventional loan’ is defined as any mortgage that isn’t guaranteed or insured by a government agency. As a result, conventional loans have long been considered the ‘garden variety’ of mortgage programs. Conventional loans can be either “conforming” or “non-conforming”. Conforming loans are conventional programs that meet or ‘conform’ to guidelines set forth by the Federal Housing Finance Agency (FHFA), as well as the funding criteria for either Fannie Mae and Freddie Mac.

Read More

As seen in: