I'm often asked what an FHA loan is. FHA loans were originated in the 1930's during the Great Depression to insure lenders against default with the sharply rising defaults and foreclosures which is similar to our market today! A few highlights of FHA financing include: As little as 3.5% down lower credit score restrictions … [Read more...]
Apply for VA Loan
Apply before you buy. As a home buyer, it's best to contact a lender before signing a contract for a home. Getting pre-approved helps you to determine your maximum mortgage amount. When starting the VA loan approval process, you will want to make sure that you are prepared to review your past/present job history and credit history - as these will … [Read more...]
Apply for FHA Loan
Like most loans, certain information will need to be presented when starting the application process to apply for a FHA loan. You will need to be prepared to provide a lot of information to be included with your loan application. Maureen can help. She'll provide you with a list of the data required, along with a timeline on the application. FHA … [Read more...]