You can think of The Good Neighbor Next Door program as a bargain outlet store for homes. Buyers in public-service professions can buy a home at a 50% discount, sometimes with just $100 down. These homes are foreclosures owned by the U.S. Department of Housing and Urban Development, or HUD. The agency offloads homes while …
Homes At 50% Off: Good Neighbor Next Door Program + Calculator Read More »
Those who experience a natural disaster know that housing is one of the top concerns after the event. That’s why the U.S. Department of Housing and Urban Development (HUD) created the FHA 203(h) program. This zero-down loan can help disaster victims rebuild or buy a home at favorable terms. FHA 203(h) loan requirements To qualify …
FHA 203(h): The Zero-Down Disaster Relief Mortgage Read More »
Getting an FHA loan when you have student loans used to be a major problem, especially for applicants with deferred or income-based payments. But now, things have changed. Lenders can be a lot more lenient when it comes to calculating student loan payments. In fact, the average college graduate can qualify for a home that …
New FHA Student Loan Guidelines Give Average College Graduate $25,000 Buying Power Boost Read More »
You might be surprised that FHA, a U.S. government-sponsored mortgage, is available to non-U.S. citizens. What’s more, non-citizens are eligible for the same FHA rates and terms as citizens. Homebuyers immigrating from other countries often find this hard to believe, but it’s true. Permanent and non-permanent residents are eligible. Here’s how to get an FHA …
As a DACA recipient, you can buy a home for just 3.5% down via an FHA DACA loan. This wasn’t always the case. Prior to January 19, 2021, many buyers with Deferred Action for Childhood Arrivals status could not get an FHA loan. So if you hear that you’re not eligible, that’s probably why. Fortunately, …
