What is a home appraisal? A home appraisal is an objective opinion of the home’s value performed by a licensed professional. Since the appraisal is related to the home value and loan amount, it can impact your loan's down payment and interest rate. An appraisal that comes in too low can cause the transaction to be …
How can I get a fast home loan or mortgage?
How can I get a fast home loan or mortgage? If you want to improve your chances of securing a fast home loan or mortgage approval in Florida, it's important to establish yourself as creditworthiness and financial stability before you apply. Obtaining a mortgage is a big decision, and in today's competitive market, …
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Top 7 options for closing cost assistance
Closing cost assistance helps you get moving! Are you in the final stretch of buying your first Florida home, only to be surprised by unexpected closing costs? If you've been diligently saving for your down payment, additional expenses like closing costs can take a big bite out of your budget. Imagine you've managed …
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What is a renovation home loan?
What is a renovation home loan? If you can’t find the perfect Florida home, you can create it with a renovation home mortgage! With housing supply inventory at an all-time low and existing home prices rising, homeowners have been renovating like never before. A Fannie Mae HomeStyle Renovation mortgage can get you into …
8 key requirements of an FHA loan
8 key requirements of an FHA loan An FHA loan is a mortgage insured by the Federal Housing Administration (FHA). It is particularly popular with first-time homebuyers in Florida because it allows borrowers to finance homes with low down payments, sometimes as low as 3.5% of the sales price. Borrowers with lower credit …
What is Down Payment Assistance?
What is Down Payment Assistance? Of the many steps to homeownership, the one that is often the most difficult for credit-worthy first-time homebuyers is coming up with funds for a down payment and closing costs. For example, borrowers with high student loan payments or low to middle income may not have extra cash to …
