FHA Loans

FHA Unveils Surprising Homebuyer Assistance: ADU Rental Income

HUD, the overseer of FHA, announced that it now allows FHA homebuyers to use ADU rental income to qualify for the loan. A White House press release noted, among other housing actions, that the U.S. Department of Housing and Urban Development (HUD) published new Accessory Dwelling Unit (ADU) guidelines as of October 16, 2023. Previously,

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FHA Fast 100 DPA program

FHA Fast 100 Down Payment Assistance Program: Zero-Down Loan

The new Fast 100 program lets you finance your 3.5% FHA down payment with a secondary mortgage, potentially at zero interest and zero monthly payment. It’s widely available (39 states) and you don’t have to be a first-time buyer or in a certain profession. There are no income limits. Here’s how this innovative program can

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DPA Advantage Down Payment Assistance Program

DPA Advantage: 3.5% Down Payment Assistance Grant

A down payment assistance (DPA) program has hit the market and it offers the widest eligibility criteria of just about any DPA program out there. It’s called DPA Advantage and it gives a 3.5% down payment grant for eligible homebuyers. Saving up for a down payment is now optional. Check your DPA Advantage Program eligibility.

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Empowerd DPA Program Eligibility

Empowered DPA Program: 3.5% Down Payment Assistance Grant

If you’ve ever looked into down payment assistance (DPA) programs, you may have been frustrated about the stringent requirements to qualify. Some require very low income, while others only work in specific geographic locations. The new EPM Empowered DPA program, though, is available to most home buyers nationwide, thanks to its wide acceptance criteria. Better

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How much money do I need to invest in multifamily property?

Disclaimer: All mentions of dollar amounts should not be considered quotes. There are so many cost variables in each person’s situation that it’s impossible to get an accurate cash outlay estimate unless you apply with a lender. The sticking point to investing in real estate is often the same: the upfront cash needed. And investing

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What Down Payment Do You Need For A Multifamily Property?

The down payment requirement for a loan program often means the difference between qualifying or not. Programs with the lowest down payments are often the most attractive. And when you’re buying a multifamily property, where loan amounts are much bigger, the lower the percentage down payment required, the better.  Here’s what down payment you can

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