Pennsylvania First Time Home Buyer Programs and Grants Pennsylvania is a wonderful state to purchase a home and there are first time home buyer assistance programs and grants available for those who can qualify for one of the programs. We are going to walk you through the various Pennsylvania first time home buyer programs. First …

FHA 203b Loan Information There are various type of FHA loans available which can help with different purposes. The FHA 203(b) loan is the official name of the standard FHA loan that is used to purchase or refinance a home. This should not be confused with the FHA 203k rehab loan which is used to …

FHA Manual Underwriting Guidelines If you are applying for an FHA loan, there is a chance that your application may need to be manually underwritten. FHA manual underwriting guidelines may require additional documentation or compensating factors to secure an approval. If you believe you need to have manual underwriting for your FHA loan, the good …

W2 Only Mortgage Options Many home buyers apply for a mortgage but only have W2’s for the past two years. It could be that tax returns were not filed or the IRS is behind in their processing. You can get approved for a W2 only mortgage if you meet the basic criteria and if the …

FHA Child Support Income Requirements If you are applying for an FHA loan and you are receiving child support, you can use those payments as income to help with your FHA loan approval. The FHA guidelines will allow child support income to be used if those payments will continue for the next three years. FHA …

FHA Loans for Truck Drivers   Truck drivers are critical in helping to bring necessary goods to your community and to keep the economy moving. What many do not realize is it is often difficult for truck drivers to qualify for a mortgage based upon how they are paid and manage the expenses. Truck drivers …

Single Mom First Time Home Buyer Programs There are single mom first time home buyer programs available in every state. Single mothers who want to buy a house for the first time often wonder if they will ever qualify for one but these programs can make home buying a reality. In most cases, single moms …

First Time Home Buyer Mistakes Buying your first home can be a daunting task and it may be the largest investment and purchase of your life.  As a first-time homebuyer, you might feel excited and scared at the same time, and it’s fairly normal. However, most people who are buying a home for the first …

FHA Commercial Loan for Mixed Use Properties You can buy a mixed use or commercial property with an FHA loan if at least 51% of the property is being used for residential housing. An FHA commercial loan is for the purchase of a primary residence that also has a legal commercial or mixed use space …

First Time Home Buyer Closing Cost Guide First time home buyers should prepare themselves for the costs associated with buying a home. There are closing costs and some costs related to owning a home that you will need to be ready for after closing. First time home buyer closing costs can be 2%-4% of the …