Mortgage interest rates shouldn’t stop you from buying a home this year People decide to buy a new home based on a variety of factors. In most cases, life events dictate the need to enter the housing market. Some common reasons include job relocation, an expanding family, a desire to move from an urban to …
8 steps to buying a new home in 2023
Are you a first-time homebuyer thinking of buying a home this spring? By all accounts, the spring housing market is shaping up to be better than expected. Many potential first-time homebuyers overestimate the down payment and credit scores needed to qualify for a mortgage today. First-time homebuyers are often surprised at the number of loan …
RIHousing 10kDPA Program funds are depleted
RI 10kDPA funds have depleted for 2024 but MEP Advantage DPA is still live. Fill out the form to see if you qualify or contact one of our qualified loan officers to learn more! $10k Down Payment Assistance Program! RI Housing’s provides a $10,000 down payment assistance loan to first-time homebuyers in Rhode Island. The …
What is happening in the current real estate market?
What’s the state of the current real estate market? Housing inventory is at an all-time low. However, the national inventory of active listings increased by 46.8% over last year, increasing more than 13 percentage points over the previous month, the largest month-over-month increase in this growth rate since May 2022, when inventory first saw a …
7 things to consider when buying a new home in 2023
When purchasing your first home, consider these 7 things Often first-time homebuyers get caught up in the excitement of buying a new home, and they don’t take time to think about the future and the possibility that this may not be the last home they purchase. Most of us have no idea where we will …
First-time homebuyers can use rental history for FHA loans
First-time homebuyers can use positive rental history for FHA purchase loans First-time homebuyers face many obstacles when preparing to buy a home, like saving for a down payment, having extra money for closing costs, home affordability, and qualifying for a loan. One of the biggest hurdles for first-time homebuyers is that they could not use …
