Mortgages: FHA vs VA vs CONVENTIONAL – Which one is Right?

The simple answer is: which one gets you the mortgage for the house you want. Here are some key highlights: FHA FHA (Federal Housing Administration) loans are available to all borrowers and are guaranteed by the government. The mortgage is issued by the bank, not the government, but the government insures the loan against default…. [Read More]

Average Approved Mortgage Credit Score: 719; But, You Can Get Mortgage w Low Credit Score

The Average Credit Score of Americans reaches 700 for the first time ever. The overwhelming majority of mortgages continued to be given to those homebuyers with the highest credit scores. But you can still get a #mortgage loan with a low credit score. A report just released by the New York Federal Reserve Bank shows… [Read More]

USDA Mortgages are $0 Down

USDA (mortgages) stands for the United States Department of Agriculture. Originally, the program was designed to help families with moderate income buy rural housing. Or, homes in the country, far away from the city. Today, with urban sprawl, you can get a USDA mortgage close to work or other city life. Here are the highlights… [Read More]

Key Facts for First Time Homebuyers

Here are some key facts every First Time Home buyer wants to know: If you have average credit, not too much debt, and 2 years of income, you are on your way to qualifying for a mortgage. Real estate and mortgage professionals are there to help you each step of the way. Realtors’ fees are… [Read More]

VA Mortgages – Keys Facts

VA (Veterans Administration) mortgages are perhaps the best mortgage programs around. They offer $0 down, no mortgage insurance, and one can qualify with a credit score down to 500. Sadly, a majority of veterans and their families are either unaware of how easy it is to qualify, or the benefits of the program. Many believe… [Read More]