Search results for “USDA Loan”


Can You Buy a House with No Money Down?
January 13, 2022

Can You Buy a House with No Money Down?

  Zero Down Option #1: The USDA Home Loan What is a USDA Loan? The U.S. Department of Agriculture offers a 100% financing mortgage. The program is also technically called a Section 502 mortgage, h...


Affordable Housing Loans: What Are the Options?
July 13, 2023

Affordable Housing Loans: What Are the Options?

A conventional mortgage is a loan for real estate that borrowers need to apply for and repay monthly over a set number of years. However, other mortgage loan types can make buying a house easier – cue...


Guide to Government Home Loans in 2022
April 7, 2022

Guide to Government Home Loans in 2022

What is a Government Backed Mortgage? A government backed mortgage is a loan that is insured by the U.S. federal government. There are many different types, each with their own specific requirements a...


Reduce Your Payment with an Interest Rate Buydown
July 3, 2023

Reduce Your Payment with an Interest Rate Buydown

Permanent vs. Temporary Buydowns Permanent Buydowns: Permanent buydowns are the same as buying mortgage points. Mortgage points are the fees a borrower pays a mortgage lender in order to trim the inte...


I’m an Unconventional First-Time Home Buyer. Can I Get a Mortgage?
December 1, 2022

I’m an Unconventional First-Time Home Buyer. Can I Get a Mortgage?

No Savings Homebuyers You may also hear the term “no down payment home loans” when searching for home loans, but, the question is, what does that label really mean? Essentially, no down payment loans ...


Mortgage Loan Types, Credit Score, and more: 5 Tips to Get the Best Mortgage Rate
November 26, 2021

Mortgage Loan Types, Credit Score, and more: 5 Tips to Get the Best Mortgage Rate

Consider a Fixed-Rate Mortgage Fixed-rate mortgages are the most common loan option among borrowers. The rate stays the same throughout the life of the loan, meaning the monthly mortgage payment does...


How to Buy a House in 2022
March 22, 2022

How to Buy a House in 2022

Step 1: Determine If You’re Ready to Buy a House Are you excited about buying your new home? Know that preparation is a huge step that can save you a lot of time along the way. Rounded up below are ti...


What is a Gift Letter for a Mortgage?
November 9, 2022

What is a Gift Letter for a Mortgage?

Know a friend whose parents gave them money to help them buy a house? Maybe you received a graduation gift in the form of cash? Do you have a lump sum of cash from a relative to be used towards a down...


Buying a Home With a Low Down Payment
August 9, 2023

Buying a Home With a Low Down Payment

Here are a few options to consider: Government-backed loans: VA loans and USDA loans require no down payment, while FHA loans require a down payment as low as 3.5%. Government Sponsored Enterprises (...