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…
FHA Loan Contingency If you are buying your home using FHA financing, there will be an FHA loan contingency included in your sales contract where the contract can be cancelled without penalty to the buyer. Below we will discuss the FHA loan contingency scenarios for appraisal and repairs. FHA Loan Contingency for Appraisal According to…
First Time Home Buyer Construction Loan Options Many first time home buyers are looking to avoid buying an older home with some repair issues and are now focusing on building their dream home from the ground up. A first time home buyer construction loan is perfect for those who can meet the requirements and have…
What is an FHA 203k Consultant? An FHA 203k consultant will help home buyers by guiding them through the entire process from the application, to dealing with the contractors, and even the inspections while the work is being completed. What Does an FHA 203k Consultant Do? An FHA 203k consultant is someone who helps home…
First Time Home Buyer 401k Withdrawal First time home buyers often struggle with finding the funds needed to purchase a home. You may be able to withdraw funds from your 401k to help purchase your home. Can you withdraw Money from Your 401k to Buy a House? You can withdraw money from your 401k to…
FHA Loan Down Payment Requirement FHA loans are designed to help home buyers who may have low credit scores, limited income, and very little cash to close. One of the benefits of purchasing a home with an FHA loan is the very low down payment requirement. The FHA loan down payment requirement is 3.5% for…
Can a Seller Refuse an FHA Loan? There are home buyers who are shopping for their dream home, but find some sellers are not accepting offers if they are using FHA insured financing to make the purchase. A seller is legally permitted to refuse offers from buyers who are planning to use an FHA…
