If you’re reading this article, you’re probably thinking about how to provide housing to your aging parents. I’m fortunate that my parents, who are nearly 80, live in a great home that they can (so far) manage. But if that weren’t the case, I would be thinking about using Fannie Mae’s Family Opportunity Mortgage. This […]
Family Opportunity Mortgage: Buy A Home For Parents At Lower Rates in 2024 Read More »
The HUD Section 184 Loan is a home mortgage program designed for Alaska Native and Native American homebuyers. It offers a low down payment, no credit score minimum, and flexible approval criteria. It’s no wonder that Alaska is the second most popular state for Section 184 loans, with nearly 5,000 completed to date. Alaska Native
All About The Section 184 Loan For Alaska Native Families Read More »
Oklahoma has the highest number of Section 184 Loans completed in the U.S. by far. In fact, about half of all Section 184 or “HUD 184” loans are in the state – more than 20,000 to date. And for good reason. More than 500,000 Native Americans call Oklahoma home, representing about 13% of the population.
Section 184 Loans Oklahoma: Affordable Homeownership For Native Americans Read More »
Following are Section 184 Native American home loan limits for every approved county in the U.S. as reported by HUD. Limits are effective as of January 2024. Connect with a lender to see if you qualify for Section 184. In This Article: STATE COUNTY NAME 1-UNIT 2-UNIT 3-UNIT 4-UNIT AK ALEUTIAN ISLANDS $ 510,400 $
All HUD Section 184 Loan Limits For 2024 Read More »
As a rental property owner, you’re probably pleased to see that the value of your investment property has risen since 2020. You could easily be sitting on $100,000 or more in tappable equity. So, are cash-out refinances on rental properties allowed? The answer is a resounding “yes.” Lending agencies Fannie Mae and Freddie Mac allow
Cash-Out Refinance On A Rental Property: 2024 Guidelines Read More »
When I was 26, I purchased this house for $250,000 with $1,100 out-of-pocket. Yes, I got into a house for less than it costs to rent an apartment. And I could have done it with none of my own money if I knew what I was doing. Here’s how I bought a house with almost
How I Bought a House With Almost No Money Out Of Pocket Read More »
If you choose to take a 401k loan, you’re in good company. About 20% of all 401k holders have an outstanding loan on the account, said the Employee Benefits Research Institute in a recent study. Additionally, the National Association of Realtors states that 5% of all homebuyers tap a 401k for their down payment. That
No, a Down Payment 401k Loan Doesn’t Tank Your Retirement. Here’s Proof Read More »
The Section 184 Loan Program is one of the best-kept secrets in home buying. With just a 2.25% down payment, lower upfront mortgage insurance than FHA, no monthly mortgage insurance, and the ability to use it on and off the reservation, these loans are empowering Native American homebuyers every day. Here’s how to use this
Section 184 Loan Requirements 2024 | Native American Home Loans Read More »
Buying an investment property is a great plan for wealth creation and semi-passive income for your future. So, can you get a cash-out refinance on your primary home and use the funds for a down payment on an investment/rental property? Yes, you can. Here’s how to do that, as well as some insights on whether
7 Steps: Cash-Out Refinance To Buy an Investment Property 2024 Read More »
The short answer is that you should get a USDA loan over FHA if you are eligible. There are a few reasons: However, USDA is not as widely available as FHA. Below is more information on how to know if you’re eligible. Check your eligibility to use FHA or USDA. FHA vs USDA comparison Loan
Is FHA or USDA Better for First-Time Buyers? Read More »
