Author: buyorsellyourhome

Wondering What Your Home Is Worth?

FHA loans have come a long way since their inception when they were known as a first-time homebuyer’s loan. Today, they are a loan program for anyone looking for flexible guidelines and low down payment requirements.

If you’ve thought about FHA financing, check out the top six benefits you’ll enjoy.

You get your loan approval and couldn’t be more excited – you’re on your way to becoming a homeowner. But, something stops you in your tracks – it says ‘approved with conditions.’

What does this mean and will you get fully approved? Are you going to lose your loan approval?

You think you’re ready to buy a home but aren’t sure what a lender will think. How do you know when you’re ready to apply or when you need to do a little ‘cleaning up’?

Check out our guide to get you started.

Lenders don’t require a home inspection – only a home appraisal, so many homebuyers wonder if they need one, especially since it adds to the home’s closing costs.

It’s no secret that buying a home costs a lot of money. Anywhere you can save, you probably want to take advantage of, but don’t let it be the home inspection. Even though an inspection isn’t required, it is worth its weight in gold when you make one of the largest investments of your lifetime – a house.

Lenders need bank statements to make sure you can afford the loan. They need to know if you have enough money for the down payment and closing costs and sometimes even reserves.

If a lender asks to see your bank statements, what do they look for and what don’t they want to see?

Check out our guide below to find out.