Understanding how FHA gift funds can be used, can help clear up confusion for those purchasing properties with an FHA loan.
Understanding what an earnest money deposit is essential for anyone looking to purchase a property.
The FHA down payment assistance program is intended for first time home buyers, who make enough income to qualify for a home loan but for some reason or another just don’t have the down payment needed to buy it.
The minimum down payment amount that you’ll need to purchase a home will depend primarily on the type of home loan that you are applying for and the type of property you are buying. In this entry, we’ll look at the three most common types of loans (FHA, VA and conventional) and find out what …