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 […]
FHA Fast 100 Down Payment Assistance Program: Zero-Down Loan Read More »
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.
DPA Advantage: 3.5% Down Payment Assistance Grant Read More »
If I Make $80,000 A Year What Mortgage Can I Afford? You can afford a home price up to $335,000 with a mortgage of $328,932. This assumes a 3.5% down FHA loan at 7%, a base loan amount of $323,275, financed upfront mortgage insurance premium of 1.75%, low debts, good credit, and a total debt-to-income
If I Make $80,000 A Year What Mortgage Can I Afford? Read More »
If I Make $75,000 A Year What Mortgage Can I Afford? You can afford a home price up to $310,000 with a mortgage of $304,385. This assumes a 3.5% down FHA loan at 7%, a base loan amount of $299,150, financed upfront mortgage insurance premium of 1.75%, low debts, good credit, and a total debt-to-income
If I Make $75,000 A Year What Mortgage Can I Afford? Read More »
If I Make $70,000 A Year What Mortgage Can I Afford? You can afford a home price up to $285,000 with a mortgage of $279,838. This assumes a 3.5% down FHA loan at 7%, a base loan amount of $275,025 plus the FHA upfront mortgage insurance premium of 1.75%, low debts, good credit, and a
If I Make $70,000 A Year What Mortgage Can I Afford? Read More »
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
Empowered DPA Program: 3.5% Down Payment Assistance Grant Read More »
If I Make $65,000 A Year What Mortgage Can I Afford? You can afford a home up to $265,000 with a mortgage of $260,200. This assumes a 3.5% down FHA loan at 7%, a base loan amount of $255,725 plus the FHA upfront mortgage insurance premium of 1.75%, low debts, good credit, and a total
If I Make $65,000 A Year What Mortgage Can I Afford? Read More »
If I Make $60,000 A Year What Mortgage Can I Afford? You can afford a home up to $245,000 with a mortgage of $240,562. This assumes an FHA loan at 3.5% down, a base loan amount of $236,425 plus the FHA upfront mortgage insurance premium of 1.75%, low debts, good credit, a rate of 7%,
If I Make $60,000 A Year What Mortgage Can I Afford? Read More »
If I Make $55,000 A Year What Mortgage Can I Afford? You can afford a home up to $220,000 with a mortgage of $216,015. This assumes an FHA loan at 3.5% down, a base loan amount of $212,300 plus the FHA upfront mortgage insurance premium of 1.75%, low debts, good credit, a rate of 7%,
If I Make $55,000 A Year What Mortgage Can I Afford? Read More »
If I Make $85,000 A Year What Mortgage Can I Afford? You can afford a home up to $355,000 with a mortgage of $348,570. This assumes an FHA loan at 3.5% down, a base loan amount of $342,575 plus 1.75% FHA upfront mortgage insurance premium, low debts, good credit, and a rate of 7%, and
If I Make $85,000 A Year What Mortgage Can I Afford? Read More »
