FHA mortgage loans are more popular than ever and they are not just for first time home buyers! Those who use FHA loans often do so because the requirements for approval aren’t as strict as the requirements for conventional loans. Down payment requirements are lower, credit scores can be lower, you can have a higher [...]
How to get a mortgage if you just changed jobs
January 22, 2011 By
If you have recently changed jobs, and want to buy a house, you might be wondering if you’ll still qualify for a mortgage loan. The answer is “it depends.” (Isn’t that always the answer?) But that means you shouldn’t assume that just because you’ve recently switched jobs, that you can’t qualify for a mortgage loan. [...]
Using an FHA loan to buy a condo in the Denver area
December 5, 2010 By
Yes it is possible to buy a Denver area condo with an FHA loan! And here is how you can do that: The condominium unit must be on the approved list of FHA condominiums (or you’ll have to attempt the rather lengthy Direct Endorsement Lender Review and Approval Process). You can click here to see [...]
6 BIG things mortgage lenders look for
November 26, 2010 By
Worried about qualifying for a mortgage? You’re not alone: this is overwhelmingly the #1 concern among home buyers. Here are 6 tips to getting a mortgage. Income Stability: It isn’t necessary that you stay in the same job forever but to increase your chances of getting a mortgage loan it’s a good idea if you [...]
First time home buyers and FHA driving housing market
October 4, 2010 By
First time home buyers 41% of market According to the National Association of Home Builders (NAHB), first time home buyers are out in large numbers and looking not only to buy a home but a smaller and less expensive home on average. Between 2007-2009, 41% of home buyers were first time home buyers. The average [...]
Mortgage rates still unbelievably low
September 30, 2010 By
Mortgage rates for borrowers with great credit, steady income and a healthy down payment, are anywhere from 4.125% to 4.375% right now and if you’re willing to pay points you may even find a rate of 3.875% according to Mortgage News Daily. Maybe you’re a first time home buyer however, or your credit isn’t pristine [...]
Don’t ruin your chances for buying your dream home
August 1, 2007 By
