Posts tagged USDA Loans
What are Assumable Mortgages?

An assumable Mortgage is a home loan that can be transferred from the seller to be taken over or “assumed” by the buyer, becoming their responsibility to pay off. Of course, this requires the approval of the lender servicing the loan, and even then, not all loans are assumable.

Read More
First-Time Home Buyer Credits for Home Loans

When you’re thinking about buying your first home, there’s a lot of information to process and way too many financial decisions to make. For a lot of buyers, coming up with money for a down payment or to fund closing costs can be a huge roadblock. These buyers may give up their home search because it just seems insurmountable.

There’s good news, though! There are plenty of home buyer assistance programs out there that offer first time home buyers like you grant money, soft secondary mortgages, or other types of credits to soften the blow of trying to save up a chunk that substantial.

Read More
The Different Types of Mortgages

There are many different mortgage options for homebuyers to choose from. For starters, mortgages are usually categorized as either a fixed rate or adjustable rate. Then there are various loan programs to choose from including FHA Loans, VA Loans, USDA Loans, or Conventional Loans

Read More