Mortgage Information for the First Time HomebuyerInflation in the United States is increasing rapidly and home prices are soaring! There are millions of american families that are unaware of the many mortgage programs that are available for first time homebuyers. There are many types of mortgage finance programs available to first time homebuyers. I will discuss a few of them. VA Guaranteed mortgages provide 100% financing for veterans that are active or non active duty with the United States armed forces. Even though there are closing costs associated with this type of mortgage, through a properly written sales contract, the closing costs can be paid by the seller of the property. FHA Mortgage: FHA mortgages are available to qualified applicants with little or no credit history, as well as applicants that might have a few blemishes on their credit history. FHA mortgages provide 97% financing. In many cases, gift funds can be used by the borrower(s) to avoid having to make a down payment. Conventional Mortgage: There are numerous conventional mortgage programs available. There are many that provide home buyers with 100% of the funds they need to buy a home. There are programs available for borrower(s) with all types of credit ratings. There are programs for W2 wage earners and self-employed borrowers. There are even programs for borrowers who have suffered through past credit woes and wish to get their life back track and a home for their families. Be careful when choosing a mortgage company. Interview the loan officer and research the company to be sure that you have chosen a reputable company that will work in your families best interest. Ask your loan officer about fees for his services and reuest that they provide you with a Good Faith Estimate of settlement charges. Buying and owning real estate is a way to build wealth and hep keep up with escalating home prices. Be smart! Research the market that you plan to buy a home in. Select a lender that you feel comfortable with and let him or her help you select a realtor that will represent your best needs. Visit our website at www.thebestmortgageguy.com Glenn Keller is associated with Affordable Home Funding of whom is a multi-state mortgage company. Glenn has a numerous amount of years experience in Conventional, FHA and VA lending. Affordable Home Funding has locations throughout Georgia. Glenn is located at 1204 Hospitality Ave., Suite E in Kingsland Georgia. Visit my website at http://www.thebestmortgageguy.com The content of this article is based on the knowledge and experience of its author.
MORE RESOURCES updated Sat. April / 20 / 2024 VA Loans: What They Are And How To Qualify Bankrate.com 15-Year Mortgage Refinance Rates: Compare Current Rates Business Insider How to Refinance Your Mortgage NerdWallet 30-Year Mortgage Refinance Rates Business Insider Loan Modification Vs. Refinance Bankrate.com Average Mortgage Interest Rates: Mortgage Rates by Credit Score, Year, and Loan Type Business Insider Mortgage Interest Rates Today, April 19, 2024 | High Rates Make for a Challenging Homebuying Season Business Insider Types of Mortgage Refinance Options Bankrate.com How To Get The Best Refinance Rate Bankrate.com How To Get A Home Equity Loan With Bad Credit Bankrate.com The best mortgage lenders for refinancing in April 2024 CNN Underscored Mortgage Interest Rates Today, April 16, 2024 | Rates Remain Elevated After Last Week's Spike Business Insider Mortgage Interest Rates Today, April 15, 2024 | Rates Are High, But They Still Could Drop This Year Business Insider Best Mortgage Refinance Lenders of April 2024 Business Insider With property values strong in 2023, many homeowners tapped home equity lines of credit, pushing total HELOC ... Miami Herald Best Mortgage Refinance Lenders In 2024 Bankrate.com Current mortgage refinance rates CNN Underscored How To Refinance A Rental House Bankrate.com 280 Park Ave.'s owners refinance mortgage and pay down debt Crain's New York Business Bain Proposes Japan's Kioxia IPO to Clear $5.8 Billion Loan Refinance U.S. News & World Report Mortgage Refinance Rates: Compare Current Rates Business Insider MBA: Mortgage Applications Increased in Weekly Survey Calculated Risk When to Consider Refinancing Your Mortgage Business Insider Mortgage Rates Chart | Historical and Current Rate Trends The Mortgage Reports 30-year refinance rates: What to know CNN Underscored Mortgage Rate Forecast April 2024 Bankrate.com Refinancing a Home Equity Loan (2024 Guide) MarketWatch Refinance Requirements: What You Need to Refinance Your Home in 2024 The Mortgage Reports Cash-Out Refinancing: How It Works, When To Do It Bankrate.com Mortgage Rate History: 1970s to 2024 Bankrate.com Current 15-year refinance rates — and lenders that offer them CNN Underscored How Soon Can You Refinance a Mortgage? NerdWallet Conventional Refinance Rates and Guidelines for 2024 The Mortgage Reports How To Refinance An Underwater Mortgage Bankrate.com Should You Refinance Your Mortgage In 2024? Bankrate.com Mortgage Interest Rates Today, April 14, 2024 | Will Rates Still Go Down This Year? Business Insider When to Refinance Mortgage: Is it Time? - Buy Side from WSJ The Wall Street Journal Best Refinance Lenders of April 2024: Refinance Your Mortgage The Motley Fool Will Mortgage Rates Go Down in 2024? What Homebuyers Should Expect Business Insider Pros and Cons of a Cash-Out Refinance Bankrate.com What Credit Score Do I Need To Refinance? Bankrate.com Should I Refinance My Mortgage Now? When to Refinance As Rates Drop Business Insider Office of Research blog: A look at cash-out refinance mortgages and their borrowers between 2013 to 2023 Consumer Financial Protection Bureau
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