Did you know that the USDA loan is not for Farms and Ranches, but single family homes? Did you know there are numerous Fort Hood, TX area subdivisions that qualify, including most of Nolanville? If you are buying a home, especially a first-time homebuyer, don’t forget to check out the USDA Loan.
Updated 3/6/17; Originally published 8/26/15 Takeaways Budget based on your monthly mortgage payment, not your purchase price Plan on that mortgage going up Your lender is your #1 resource for planning your budget Considering buying a home? Don’t know how much home you can afford? Look no further! Starting a Home Budget The very first […]
Takeaways Are you eligible for the VA loan? Use it! Advantages / Pros The VA loan boasts numerous advantages to those who are eligible. The main advantages are the 0% down payments and lower interest rates compared to alternatives. VA loans also don’t require mortgage insurance, which can add $100 or so to a monthly […]
Updated 8/9/16, originally published 8/2/15 Takeaways The VA loan is a fantastic loan option for Fort Hood service members, but it is not a blank check. Plan ahead, budget and have an exit strategy, even if it is your “forever home” (situations change) Talk to a Realtor – especially when buying from a builder – […]
Takeaways Don’t just look at rates; Lenders can manipulate rates Get the Loan Estimates from multiple lenders to compare apples to apples Local lenders are often better prepared and resourceful than online lenders Choosing one lender over another can be very confusing, actually. Many shoppers erroneously think it is all about the rate, and they […]
What loan types are available to you as a buyer? Here is the short and skinny of the different loan types with a brief explanation of the benefits and restrictions. These loans apply to owner-occupied loans, meaning only homes you are intending to live in yourself. Investment homes will either be looking at an investor […]