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‘Homebuyer Tips’ Category

Plano VA Loans vs. Conventional Loans: What’s the Difference?

plano va loans

When shopping for your next home, you may come across several different types of home loans. One popular type of loan is a VA home loan. Below, we’ll discuss the primary differences between a conventional loans and VA home loans, along with what you can expect from VA home loan rates, to help you decide if this is the right type of loan for you.

What Is a Conventional Loan?

A...

Closing Costs: What you Need to know and How To Plan for Them

plan for closing costs

Buying a new home is an expensive process. Most buyers prepare themselves for the monthly loan amounts and the down payment. However, you must also budget for the other fees that come with buying a home. If you don’t budget properly for closing costs, the home-buying process could be more difficult than you’d like.

What Are Closing Costs?

Closing costs are fees you must pay...

Do You Need 20% Down for a VA loan?

down payment for VA loans

The U.S. Veterans Administration offers active-duty military personnel, veterans, and their families the opportunity to live out the American dream of homeownership via programs that make mortgages affordable and easy to obtain.

The VA Home Loan Program, used by millions of veterans since the program was established in the 1940s, involves lending and loan guarantees for veterans and...

Certificate of Eligibility (COE) for Dallas VA Loans

Dallas VA loans

VA loans are a great way for active military members and veterans to secure a reasonable loan rate on their next home purchase. However, VA loans have a few additional requirements compared to traditional loans, one of which is the Certificate of Eligibility. Below, we’ll explain what this document is along with how you can get yours before applying for a VA home loan.

What Is a...

How to Use a USDA Loan Eligibility Map

USDA Loans eligibility texas

Loan programs at the U.S. Department of Agriculture seek to increase homeownership and build critical infrastructure in rural communities. One of the first steps in determining your USDA loan eligibility is checking eligibility maps showing whether your geographic area qualifies.

Where do you find the USDA loan eligibility map, how do you use it, and what information does it provide?...

How To Qualify for a VA Loan

VA loan requirements

Serving your country in the military requires sacrifice from you and your family. You have to move often as you receive various military assignments and grow your career, and often these assignments come with modest pay. And depending on world events, you’re at risk of being sent into combat. The government tries to reward your brave service in various ways. One is through the VA Loan...

Can You Buy a House with Bad Credit?

Buy a house with bad credit

If you have bad credit, you’re not alone. Nearly one in five Americans have a subprime credit score. More than one in 10 have a credit score below 550. Low credit scores can hold you back from many things, but can you buy a house with bad credit? Under certain circumstances, yes.

The Truth About Credit and Home Loans

Lenders are free to set minimum credit scores for loan approval....

Red Flags To Look for When Buying a Home

red flags when buying a home

Buying a home is a considerable investment; for some people, it’s a once-in-a-lifetime deal. As soon as you buy a house, you become the new owner and person responsible for whatever the house comes with — something good or bad. If it comes with some existing issues, the experience will not be excellent since you will have to spend extra money to make repairs. We must keep all the...

Guide to Finding the Best Dallas Mortgage Lender

dallas mortgage lender

There are a variety of mortgage lenders eager to accept loan applications in Dallas, Texas. So, it’s important for individuals to understand how to find and select the right one for them. With a variety of loan programs, it may feel overwhelming when borrowers try to find the right mortgage lender. Here are some tips that can help homeowners feel confident in their decision and supported...

10 Tips for Getting Mortgage Pre-Approval

mortgage pre-approval

When beginning your search for a new home, having a mortgage pre-approval letter allows you to accurately determine the price range for homes you can afford. Pre-approval also demonstrates to sellers that you’re committed to purchasing a home. We’ve compiled a handful of tips to help you obtain and maintain your mortgage pre-approval letter.

Maintain Accurate...

Stay In The Know

Stay up to date on what you need to know about market changes and how that impacts a home mortgage.