Reading Time: 5 minutes This guide covers how to avoid delays in home loan closings. Most mortgage loans can close in 30 days or less. However, some mortgage loan closings can get delayed for several reasons. There should be no reasons for delays in home loan closings, says Dustin Dumetre, a senior loan officer at Gustan Cho Associates: The…
Reading Time: 5 minutes This BLOG On Down Payment Requirements On Home Purchase Illinois Was UPDATED On January 9th, 2019 What Are The Down Payment Requirements On Home Purchase Unless mortgage borrowers qualify for a VA or USDA mortgage loan, there are down payment requirements on a home purchase. Besides the down payment requirements, lenders want to know how the…
Reading Time: 3 minutes This Article Is About Gift Funds For Down Payment On House Purchase HUD, the parent of FHA, allows gift funds for the down payment on house purchase: The Federal Housing Administration allows a home buyer applying for an FHA loan to get 100% of their 3.5% down payment on home purchase via gift funds from…
Reading Time: 6 minutes This Article Is About Choosing Conventional Versus FHA Loan Is Necessary Choosing Between Conventional Versus FHA Loan? What is the difference between Choosing Conventional Versus FHA Loan? FHA Loans are by far the most popular loans today. Here are the basics of FHA Loans: FHA Loans are residential mortgage loans that are originated by lenders…