Mortgage Resource Center

Empowerment through Education
Mar 20, 2019
If a sizable down payment is the only obstacle between you and your first home, good news awaits. You might believe that you need to build up a 20% down payment to buy a home, but that’s not true in most cases, especially for first-time home buyers. You might be able to get a no (or very low) down payment mortgage if you know where to look.  The pros and cons of a larger down payment There are ...
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Mar 18, 2019
If you think you can't qualify for a mortgage or can't afford a down payment, you may have to think again. The U.S. Department of Agriculture backs no money down payment mortgages to allow low-income borrowers to purchase homes in suburban and rural areas. Many of these areas are even prime commuting locations for major cities with strong job markets.   What are the Benefits of a USDA Loan? The...
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Mar 14, 2019
Home Possible is a loan program created by Freddie Mac, with the main feature being a small down payment requirement, generally between 3 and 5 percent. Home Possible mortgages were specifically designed for low to moderate-income homebuyers and are perfect for most first-time home buyers and younger borrowers.   Home Possible Requirements One of the benefits of the Home Possible program design...
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Mar 11, 2019
Energy-Efficient Mortgage (EEM) Benefits An EEM is designed to make it financially possible for you to have a more environmentally friendly home. When purchasing a new home or refinancing your current home, you can apply for an EEM in order to be able to afford green upgrades to your home or to be able to afford to buy an environmentally friendly home. These types of upgrades often have high co...
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Mar 7, 2019
  If you're in the market looking for your first house, one of the most important factors on your side is steady, dependable income. Having a good-paying job shows the mortgage lender that you are dependable, trustworthy, and able to pay the monthly mortgage. Having a steady income is a great benefit to show to a mortgage company for first-time home buyers.       Maybe you've been able to save...
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Whether you own a home, starting the home-buying process, or getting your feet wet with knowledge – We'll keep you up-to-date with relevant posts packed with tips and advice. Our home loan experts bring you engaging and useful posts each week.