Posts in category First Time Home Buyer

Mortgage Basics

January 17, 2013 Written by admin
Mortgage Basics

If you are thinking of purchasing a home or refinancing, this article provides some basic mortgage facts that will help the homebuyer understand more about their options: TERMS – the term of a mortgage is the number of years to repay the loan 30 Year Fixed Mortgage Rates This loan program is fixed for 30 […]

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New RD upfront & monthly mortgag...

September 10, 2011 Written by admin
New RD upfront & monthly mortgage insurance goes into effect Oct 1

There’s a change ahead in financing for first time buyers and others who qualify for the RD (Rural Development) loan which is sometimes also referred to as a Farmer’s Home Loan or USDA loan.   The good news is the loan will still require no down payment — that’s right — no money down is needed […]

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Financing for Marginal Credit –...

June 13, 2011 Written by admin

   If you have less than perfect credit, you may assume that you need a large down payment to get approved, but that is not the case.  If you are eligible for a VA loan or an RD (Rural Development) loan, you may be able to get approved for a loan with no down payment!    […]

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