Mortgages for All
Can I buy a house with no job? Obtaining a home loan can be difficult without a job. However, some lenders may consider your application if you have alternative sources of income such as social security, rent payments, a trust fund, child support, … [Continue reading] about What is the income limit for FHA loan?
What would disqualify you from getting an FHA loan? Reasons for FHA Rejection There are three popular reasons for being turned down for an FHA loan - bad credit, a high debt-to-income ratio, and generally enough money to cover the lower payment … [Continue reading] about What credit score is needed to buy a house?
Do VA loans take longer to close? Taking out a VA loan does not take much longer on average than a conventional mortgage. However, eligibility status and VA assessment issues can significantly delay the closing of a VA loan. Are VA Loans More … [Continue reading] about Why are VA loans bad?
How can I afford a 300k house? Down payment: You should have a down payment equal to 20% of the value of your home. This means that to afford a $ 300,000 home, you would need $ 60,000. Closing costs: Typically, you will pay between 3% and 5% of a … [Continue reading] about How much home can I afford?
How many years is a typical land loan? Mortgage loans are often short term loans, two to five years followed by a lump sum payment, compared to the typical 15 and 30 year terms offered on a mortgage loan. How much can you borrow on earth? You … [Continue reading] about Can you use VA loan to buy land?