The Dallas real estate market continues to thrive and is one of the nation’s top buyer’s markets for 2023. People enjoy the Dallas, Texas, area for its low cost of living, affordable homes, and growing job opportunities.
During the pandemic, between December 2019 and December 2022, inventory and interest in new homes in the Dallas-Fort Worth area declined by 34%. This number...
Mortgage lenders in Dallas, Texas, often help homebuyers get FHA loans. Before applying and qualifying for an FHA loan, you’ll need to understand what lenders require to qualify for one.
What Is an FHA Loan?The FHA (Federal Housing Administration) loan is a type of mortgage insured and backed by the U.S. government. This loan is ideal for first-time homebuyers or repeat...
The best mortgage lenders in Dallas provide a range of loan options to help customers in different circumstances. One type of loan you might need when looking to buy a home is a jumbo loan. Below, we’ll explain what a jumbo loan is, how it compares to a conventional loan, and what you’ll need to be eligible for a Dallas jumbo loan.
What Is a Jumbo Loan?A jumbo loan is a...
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...
If you’ve recently bought a home, you might be wondering how long you should live there before you can sell it. After all, you likely want to turn a profit when you sell your home. In this article, our team of mortgage lenders in Dallas, provides information on how long you should live in your home before you should sell your house.
Factors To Consider Before You Sell Your...
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...
There are many VA loan benefits, which make them an attractive option for those who are eligible. However, you need to make sure that you meet certain eligibility requirements before you can receive a VA loan. Below, we’ll outline one of the key requirements of getting a VA loan, which is VA loan entitlements.
What Is a VA Loan?First, it’s important to know what a VA loan...
When you’re looking to take out a mortgage in Dallas, you don’t want to work with just any lender. Instead, you want to work with one of the best mortgage lenders in Dallas to ensure you have a smooth process and an affordable loan. With that in mind, below are some tips you can use to find great mortgage lenders in Dallas.
Available Mortgage TypesThe first thing...
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...
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...Stay up to date on what you need to know about market changes and how that impacts a home mortgage.
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