Maryland Mortgage Program: What You Should Know

Maryland Mortgage Program: What You Should Know

Post So you want to purchase a home in Maryland. Congratulations! Becoming a homeowner can mean greater stability, more control over how you live, a stronger sense of community, and the potential for building equity and wealth for the future. This…
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NC Home Advantage Mortgage: What You Need to Know

For both first-time homebuyers and move-up buyers in North Carolina, the North Carolina Housing Finance Agency (NCHFA) is a fantastic option that offers stable, fixed-rate mortgage options with fantastic benefits. Qualified buyers may be eligible to take advantage of the…
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What is a Non-Qualified Mortgage?

Post As you work your way through the home buying process, you’ll begin to realize that mortgage lenders typically have a set of requirements in order to qualify you for a home loan. These might include having a steady income, at…
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VHDA Announces Increased Income and Sales Price Limits

Post Exciting news for first-time homebuyers in Virginia: the Virginia Housing Development Authority (VHDA) has announced higher income and sales price/loan limits. The changes will take effect with new applications beginning September 5, 2019. Thanks to the increased limits, more first-time…
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Who Qualifies for a VHDA Loan?

Post Who Qualifies for a VHDA Loan? Purchasing a home is a big life achievement for many people. That’s because it takes plenty of time and saving to be able to afford a down payment. Luckily, there are plenty of government…
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7 Reasons Your Mortgage Was Declined

Being told that your mortgage was declined can leave you feeling disheartened. While it may be frustrating, it can be an important learning experience for you as a homebuyer. Mortgages can be declined for a number of reasons, but once…
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5 Reasons You Need to Talk Your Lender First

Post Before beginning the home search, talking with a lender is a crucial move. Not only will you know the exact amount of home you can afford, but you’ll also have all your necessary documents in order which gives you an…
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FHA 203(k) Loans: Standard vs. Limited

Post If you are looking to make some renovations or even build your dream home from the ground up, then you may want to know about construction loans. Construction loans are great financing solutions that provide homeowners with the tools and…
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How a Fixed-Rate Mortgage Works

Post When you get a mortgage, there is much to consider. One of the biggest decisions a borrower will make is whether to choose a fixed-rate mortgage, or an adjustable-rate mortgage (ARM). While both loans have their benefits, you should begin…
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How Does a Mortgage Credit Certificate from the VHDA Work?

If you’re looking to purchase your first home, you could begin the process by applying for a Mortgage Credit Certificate (MCC) and possibly saving thousands of dollars. A helpful non-profit to familiarize yourself with if you are searching for a…
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