The Blog
How Your Job Affects Loan Eligibility as First-Time Home Buyers
For first-time home buyers, understanding how employment affects loan eligibility is a crucial step in the path to homeownership. While you may have saved for a down payment and maintained a good credit score, your employment situation plays an equally important role....
First Time Homebuyers Assistance for Single Parents
There are about 13.6 million single-parent households in the United States. For many of those households, the thought of becoming a homeowner feels like little more than a pipe dream. With increasing property prices and changing mortgage requirements, becoming a...
Guide to the 2021 First Time Home Buyers Tax Credit Proposal
If you’ve been following the housing market in recent months, you know that mortgage rates are rapidly on the decline. For many would-be homeowners, buying a house would end up saving them money when compared to the average cost of rent across the country. This is...
The Complete Guide to USDA Loans for First Time Buyers
If you’ve dreamed of living in a remote area, you’ll quickly find that securing a great mortgage isn’t always easy, especially when you’re buying your first house. You have to come up with a large down payment, hope that your credit is good enough to qualify for a...
Tips for Buying Your First House with Low Credit
Buying your first house is a huge commitment and the first thing you’ll learn when you start applying for mortgages is that the higher your credit score is, the easier it will be to qualify for a great mortgage. So, what can you do if your credit score is less than...
Buying a Home with a VA Loan: Maximum Seller Concession
Buying a home with a VA loan is a great way to save money on interest payments, eliminate your down payment requirements, and help you get into the home of your dreams quickly. But as with any loan, there will be fees that you’ll need to cover before you can close on...
Can VA Loans Be Transferred?
When you buy a house, you do so under the assumption that you’ll continue making payments on your mortgage until the end of the loan’s term or you decide to sell the property. Though this is what happens for the majority of homeowners, there may come a time when you...
Veteran Home Loans & Termite Inspections
When you buy a home with a veteran home loan, the property has to meet certain requirements to be considered safe to live in before your lender will offer you the loan. That’s why every home purchased with a VA home loan must undergo an appraisal and inspection before...
How Long Does a VA Home Loan Take in Underwriting?
Applying for a VA home loan is just the tip of the iceberg when it comes to buying a house. You also have to wait for the underwriting process to finish before you can close on the property and start moving in. With conventional mortgages, it can take up to 45 days to...
VA Loan Waiting Periods: Foreclosure, Bankruptcy & Short Sale
Life happens and sometimes, your finances aren’t where they need to be to help you stay afloat. This led to 752,160 personal bankruptcy filings in the United States in 2019. If you file for bankruptcy, short sale your house, or your lender forecloses on your property,...
When Do VA Mortgage Loans Require Flood Insurance?
When you buy a home, one of the first things you’ll need to do is to find homeowners’ insurance before you close on the property. This shows your lender that you’re serious and willing to make every effort to fully protect the property you’re buying. This insurance is...
2021 Changes to VA Home Loans
Buying homes with VA home loans is something every qualified veteran or military service member should consider. They offer lower-than-average interest rates, are easier to qualify for, and make getting into the home of your dreams a breeze. But as with all...
VA Loan Well & Septic Requirements
Buying a house with a VA loan is one of the best options you have as a qualified veteran or current servicemember. Interest rates are low, down payments are usually optional, and the application process is easier to navigate. However, just qualifying for the loan...