FHA Loans Just Got More Affordable

If you’re a first-time homebuyer, you’ve likely heard of an FHA loan. Why do so many first-timers flock to FHA?

These loans, insured by the Federal Housing Administration, can be a great fit for new buyers because they allow low down payments (3.5%), good long-term interest rates and flexible qualifications. However, these affordable loans also include premiums (loan fees) and mortgage insurance for your lender to manage the risk on the loan. It protects your lender in case you default on your loan. keep reading

Is the American Dream Changing?

Ah, yes the American dream. Is it still relevant today? What does it mean to today’s generations—those in their 20s and early 30s graduating from school and finding their calling?

Traditionally, the American dream refers to the ideal that every US citizen should have an equal opportunity to achieve success and prosperity through hard work, determination and initiative. In a practical sense, it’s often characterized as having a stable job, a family and owning a home. keep reading

Highest Offer Not Always the Best

Are you postponing buying a home because you think you have to have a huge down payment in order to compete in your market? We have some good news: perception is not necessarily reality.

More than half of the real estate agents surveyed by Redfin said the typical down payment for successful buyers in their market was less than 20 percent. And, one in four said a down payment between 3 and 5 percent was typical among successful buyers. keep reading