Are you looking to set yourself up financially? Purchasing a home is one of the biggest investments most people make in their lifetime, and it’s an important decision. It can be both exciting and intimidating when first visiting properties, but investing in a home is about securing your financial future. There are many financial benefits …
What is it? The California Dream for All Down Payment Assistance Program is a state-funded program designed to help prospective homebuyers with low to moderate income levels purchase a home by assisting with their down payment and closing costs. The program aims to increase homeownership opportunities for individuals and families needing more financial resources to …
Are you considering taking advantage of a temporary rate buydown to get a lower interest rate on your home loan? Be aware that this strategy can be risky for low-down payment borrowers. We’ll explain why and offer alternatives. Keep reading to learn more! What is it? A temporary rate buydown is a financing tool used …
Buying a home is a big decision and can often be daunting, especially for first-time homebuyers. One of the biggest challenges facing first-time buyers is coming up with a down payment, typically 20% of the home’s purchase price. However, options are available that require a lower down payment, such as down payment assistance (DPA) programs. …
On February 16th, 2021, the Department of Veterans Affairs (VA) announced a change to the funding fee charged on VA loans. The funding fee is a one-time fee charged to borrowers using a VA loan to help offset the cost of administering the program. The new announcement stated that the funding fee would be lowered …