First Time Home Buyer, Getting Mortgage Qualified. Just How Hard is it to get a Home Loan in St. Charles, St. Louis and Missouri

On September 26, 2011, in Home Buying Process, Mortgage Approval Process, Mortgage Programs, Tips And Advice, by Bob Rutledge

So you are a First Time Home Buyer or at least you are considering buying a new home. You have heard that you can own a new home for less than what you would be paying rent on a comparable place. You want to own because you want a place to call your own, you [...]

Getting Over the Down Payment Hurdle

On June 2, 2011, in Home Buying Process, by Rebekah Radice

One of the top questions asked by first time homebuyers is how much money they will need to come up with for the down payment on a home. The answer depends on several factors: Credit history Purchase price of the home Are you eligible for down payment assistance? Will you put at least 20% down? [...]

6 Simple Steps to Purchasing A Home With A VA Loan in the Alexandria, Fairfax, Arlington and Loudoun County Areas in Northern Virginia

On May 18, 2011, in Home Buying Process, Tips And Advice, VA Loans, by Cynthia Small

    One of the greatest loan programs available to purchase a home in the Alexnandria, Fairfax, Arlington and Loudoun County areas of Northern Virginia is the VA Mortgage Loan Program.  A VA mortgage is a mortgage guaranteed by the Department of Veterans Affairs. They help subsidize home ownership for those who have served in the [...]

What is FHA Mortgage Insurance and Why Do I Need It?

On May 3, 2011, in Tips And Advice, by Rebekah Radice

FHA mortgage insurance allows prospective buyers to purchase a home with less than 20% down. Without mortgage insurance, lenders would not be willing to accept the risk of default thus forcing many buyers out of the market.

FHA, First Time Home Buyers and Foreclosures in St. Charles and St. Louis

On April 24, 2011, in Home Buying Process, Mortgage Programs, Tips And Advice, by Bob Rutledge

FHA mortgage, First Time Home Buyers and Foreclosures? The 3 Fs of the real estate market of the St. Louis and St. Charles Missouri area. If it wasn’t for First Time Home Buyers, FHA mortgages, and Foreclosures there would barely be a real estate market in the St. Charles and St. Louis area. The FHA [...]

FHA Down Payment Assistance Best Kept Secrets

On April 10, 2011, in Home Buying Process, by Rebekah Radice

Are you a First Time Homebuyer ready to purchase a home, but don’t believe you’ll ever have the ability to save for the down payment? Then I have good news for you! Rather than throwing your hard earned money away on rent forever, let’s take a look at the many alternative down payment sources that are acceptable to FHA.

Maryland Home Buyer Seminar

Come to our Maryland Home Buyer Workshop on April 5th or April 7th at 7pm.  In just 60 minutes, you will receive the knowledge you need to buy in today’s market. Prospective buyers in Maryland will receive a realistic preliminary estimate of costs and required down payment and a mortgage pre-approval letter you can take to [...]

FHA Home Loans Provide Opportunity for Colorado Buyers

On February 28, 2011, in Mortgage Programs, by Rebekah Radice

An FHA home loan makes the process of purchasing your own home more cost-effective than ever before. While you may already know a few details about this program, it’s important to understand how an FHA home loan makes available many opportunities that wouldn’t be possible without the low cost and affordability of this Government backed mortgage.

FHA Mortgage Insurance Premiums Are About To Rise For Alexandria, Fairfax, Arlington &Loudoun County Purchasers

On February 18, 2011, in Tips And Advice, by Cynthia Small

The cost to get an FHA Loan is about to increase for purchasers wishing to buy a home in the counties of Alexandria, Fairfax, Arlington and Loudoun Counties of Northern Virginia.  HUD recently released Mortgagee Letter 2011-10 announcing an increase in the current Annual Mortgage Insurance Premiums (MIP) by 25 Basis Points (BPS) for all FHA Loans (a [...]

USDA Rural Home Loan program, a true zero down home loan for Spokane Washington home buyers

On February 16, 2011, in Mortgage Programs, by Michael Mullin

The USDA Rural Home Loan program, a true zero down home loan.